Natallia sits down with Andrew Saks McLeod in London to discuss how FX regulatory landscape is reshaping with implementation of Mifid 2.
The following benefits of RTS27/28 for the brokers are discussed :
– Ability for the retail investors to verify if their broker practices what they preach. Many brokers claim they are sending the flow to the market, whereas in reality they are serving as a counterparty to those trades as demonstrated by their RTS27/28 reports
MiFID II, the “Markets in Financial Instruments Directive”, is legislation that is set to be implemented across the European Union on January 3rd, 2018. As this due date approaches, many market participants are scrambling to implement changes to hopefully comply with the new rules. Some, on the other hand, prefer to procrastinate as long as possible in the hope of getting further clarity on this pending regulation.
Welcome to a financial world, full of mysterious acronyms. LEI, CASS, ECP, EMIR, MiFIR, MTF, OTF… This industry just loves acronyms and MiFID II just gave us a whole lot of new ones to work with.
One that I have started hearing more often is the LEI number and it relates directly to the requirements embedded in the upcoming MiFID II directive. The following article will hopefully give answers to these much-asked questions, what is an LEI? Who needs one? Why it is required? How do I get one?
