Mifid II: Why compliance may make business sense
A new package of European fund rules won't apply to Asian companies per se, but compliance may be a commercial imperative, writes Paul Moloney of Eversheds Sutherland.
The European Union’s Markets in Financial Instruments Directive II (Mifid II) comes into force on 3 January 2018. As Mifid II is a European Union (EU) directive, it would be easy for Asian firms to assume that the regional impact would be negligible.
But Mifid II contains some aspects that we foresee will affect many Asian firms with interests in Europe.
Direct impacts of Mifid II will depend very much on firms’ group structures and the locations of their clients. An Asian fir…
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