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
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 email@example.com
Results of past polls:
POLL: mixed results for EU’s SSM
POLL: countering M&A protectionism