TISA to launch digital project to help firms cope with 'MiFID monster'

Launches Wednesday 22 November

Victoria McKeever
clock • 1 min read

TISA is to launch its MiFID II digitilisation project tomorrow to come up with a solution to help financial institutions update and share data under the new regulation in a consistent way.

"The Markets in Financial Instruments Directive (MiFID II) has been a monster - the MiFID monster as people have described it over the past year," said Tax Incentivised Savings Association (TISA) technical policy director Jeffrey Mushens at the body's conference. The body has so far produced four good practice guides on the incoming regulation and had four working groups over the past year developing good working practice, said Mushens. He said, however: "The work we have put into target market, the European MiFID template, as well as costs and charges, has shown there needs to be a b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

'A family knowing a client's wishes is not the same as the client stating them'

Mark Buck
clock 15 September 2026 • 5 min read
What the FCA's Mills review means for financial services

What the FCA's Mills review means for financial services

Regulatory expectations will need to evolve as AI becomes more autonomous

Jessica Caws and Cheryl Tham
clock 07 September 2026 • 6 min read
AI and compliance: Charging for advice or administration?

AI and compliance: Charging for advice or administration?

Efficiency doesn't remove accountability

Gareth Fatchett
clock 03 September 2026 • 3 min read