Some of the biggest changes to the regulations are coming in at the beginning of 2018 - are you ready?
MiFID II, or to give it its full name - the second Markets in Financial Instruments Directive, aims to:
As previously communicated, we recommend your business takes a small number of key actions to ensure you can continue to trade in Exchange Traded Instruments on our platforms with minimum disruption from 3rd Jan 2018. The action required depends on the regulatory status of your firm and the assets your clients are invested in:
New screens are being made available to capture this information on Wrap and Elevate from January 2018.
In addition to requesting the information above for individual clients and trustees, we are also seeking to obtain the LEIs for discretionary firms and the NIs for key decision makers within those firms.
Discretionary firms using Elevate or the Investment Hub on Wrap have already been contacted directly to obtain the relevant information.
Discretionary firms using Wrap only without the Hub will be able to input this information via the platform from January 2018. Further information about this process will be provided in due course.
If you have any questions about the information required for trading in ETIs, please speak to your usual Standard Life contact.
As the deadline for MiFID II approaches, read the latest news from across the industry.
If you still have questions then please speak to your usual Standard Life contact, otherwise, contact us on 0345 272 6622, or email firstname.lastname@example.org. We’ll continue to update this page over the next few months to keep you up to date with the latest news and insight on MiFID II.