Regulation

Firms unprepared for Mifid II must squeeze years’ work into months

Time is running out before the January 3, 2018 start-date

Firms unprepared for Mifid II must squeeze years’ work into months
Photo: iStockphoto

Wealth management firms that have not made a start on ensuring compliance with new European trading rules will have to squeeze five years' worth of work into less than 300 days, according to a consultancy.

Bovill, a financial services regulatory consultancy, said the pressure is on for firms to meet the requirements of the European Union's revised Markets in Financial Instruments Directive.

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