POLL: Asia’s biggest Mifid II compliance concerns

Author: Brian Yap | Published: 4 Jul 2017
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The Markets in Financial Instruments Directive II (Mifid II) is set to make landfall on January 3 2018, giving Asian financial institutions and corporates less than half year to gear up for a new wave of compliance challenges.

The extraterritorial reach of the new regime covers not only Asian affiliates of EU-based corporates, but also Asia-based financial institutions conducting business with European counterparts. While Europe-based parents or affiliates are certain to ask its Asian counterparts to provide their services according to Mifid II’s transparency requirements, different data protection laws across Asia could seriously hinder compliance efforts.

Under the new trade reporting requirements, Asian players could also see their investment in dual-listed instruments affected if they are caught failing to achieve equivalence between their Europe and non-EU trading venues.

Financial institutions are now making their last-ditch efforts to ensure best execution for their regional and European customers, so as to avoid being shut out of European markets in less than six months’ time.

With this in mind, IFLR’s latest poll asks market participants about their biggest Asian Mifid II compliance concerns.

Vote now on the 'Quick Poll’ menu on the right-hand side of IFLR’s homepage. All votes and comments are anonymous. To arrange an off-the-record interview to elaborate on your responses, email brian.yap@iflrasia.com


Results of past polls:

POLL: mixed results for EU’s SSM

POLL: countering M&A protectionism