Closing conditions

Author: | Published: 26 Jan 2018

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January 3 was not just any day for the financial sector: it was the day #MifidII started trending on Twitter (ahead of football), with users sharing their questions, anxieties and sometimes wisdom on one of the EU's largest pieces of legislation.

The new Markets in Financial Instruments Directive (Mifid II) has broken many records because it is the most wide-ranging reform affecting financial services in years. But another feature makes it unique: its length. The directive spans 225 pages at its core, but over 7,000 if all guidance, relevant technical standards and addendums are factored in as well – five times longer than another masterpiece, War and Peace. A quick search of the internet reveals it would...