The Front Page - Q&A: August 2017

Question

What new product governance procedures are being imposed under MiFID II? 

Answer

Directive 2014/65/EU on markets in financial instruments (MiFID II Directive), the Commission Delegated Directive EU (MiFID II Delegated Directive) and the Markets in Financial Instruments Regulation (MiFIR) (together MiFID II) introduces new EU-wide rules governing investment firms, trading venues and market structures, as well as third-country firms providing investment services or activities in the EU. The product governance obligations for firms which either (a) manufacture or (b) distribute financial instruments and the requirements for alternative investment fund managers and UCITS management are discussed here.

Please speak with your usual contact on the Asset Management & Investment Funds team for more detailed advice on this topic.

Date Published: 5 Sept 2017