Not plain sailing: Mifid II anti-climax

Author: | Published: 26 Jan 2018

It was all supposed to get real on January 3, when the new Markets in Financial Instruments Directive (Mifid II) took effect. Trading was supposed to happen only on a trading venue, research was to be unbundled following a strict process, and market participants, financial instruments and trades had to be labelled and identified appropriately.

That date was the day the most wide-ranging financial reform in years took effect, promoting transparency and competitiveness in the market. Entities that are to be found non-compliant going forward face penalties as well as the prospect...