The TRADE 52 | Page 63

[ 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 | M I F I D I I O V E R S E A S ] 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 TheTradeNews.com 63