AIMA MiFID2 Guide for Investment Managers
Published: 03 February 2017
The European Union’s updated Markets in Financial Instruments Directive (MiFID2), which will apply from January 2018, represents the most significant overhaul of European securities trading rules of recent years. It will bring many changes for investment managers, including how they pay for research, what they must report to regulators, taping of telephone calls and best execution. Any firm that trades on European venues or interacts with European counterparties will be impacted by MiFID2 to some degree, regardless of where that firm is established. We recognise that, for many of our members, MiFID2 is now a top priority when it comes to their regulatory implementation work in Europe for 2017. To assist our members, we have published a MiFID2 Guide that aims to provide investment managers with a better understanding of which aspects of MiFID2 are relevant to them, what the rules require and what practical steps they can take to ensure compliance with the new framework. The guide received significant input from, and was sponsored by, the law firm Schulte Roth & Zabel. It is available only to AIMA members and clients of SRZ.