Asia worries about Mifid II effect

Author: Brian Yap | Published: 24 Aug 2017

Financial institutions in the region are knocking on law firms’ doors to seek advice on how to comply with the research unbundling requirement under the new framework

What are the main Mifid II headaches in Asia?

The Markets in Financial Instruments Directive II (Mifid II) will come into force on January 3 next year, giving Asian financial institutions and corporates less than six months to gear up for a new wave of compliance challenges. The legislation has been a top concern for organisations in the EU for a while, and this uncertainty has gradually spread worldwide.

With some of the provisions in Mifid II designed to be implemented extraterritorially, the new regime will impact Asian businesses in several ways in large part due to its exported compliance. Specifically, Asian affiliates of an EU-based corporate group will be asked by their EU-incorporated affiliates or counterparties to provide their services differently to...


 

 

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