[ M A R K E T
R E V I E W
issue,” says Simpson, “but MiFID II has very broad
application. Many firms are putting it to one side as
they see it as an EU regulation, but that is not the best
approach.”
With just six months left until MiFID II is imple-
mented, a growing number of sell-side firms and
industry associations are calling on US investors to
start looking at the regulation and how it will impact
territories outside the EU. The TRADE too will con-
tinue to keep readers informed after already holding a
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well-attended event in New York
to raise awareness earlier this year.
However, it is ultimately asset
managers who will need to get on
board to ensure MiFID II doesn’t
thwart their business and to make
the most of any opportunities it
presents.
“Modern regulation tends to feature
many extra-territorial aspects that
could trip up investors outside
of the jurisdiction the regulation
originates from.”
Issue 52
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