Changes to the MiFID II regulatory regime will impose new obligations on many global investment managers both inside and outside the European Union (“EU”). While the precise scope of these obligations will depend, in many cases, on further regulatory guidance, it is clear that certain business practices that are common among global investment managers must be reassessed in light of the new regime.
Following are links to several resources to help you navigate MiFID II, including our Toolkit, which summarizes several key aspects of MiFID II that may impact the trading activities and other operations of global investment managers with offices or clients in the EU. For convenience, we have also including links to several regulators’ websites that contains useful information.
K&L Gates MiFID II Toolkit for Global Investment Managers
European Securities and Markets Authority (ESMA) Links
MiFID II/MiFIR Homepage https://www.esma.europa.eu/policy-rules/mifid-ii-and-mifir
MiFID II and Investor Protection https://www.esma.europa.eu/regulation/mifid-ii-and-investor-protection
MiFID II Investor Protection Q&A https://www.esma.europa.eu/sites/default/files/library/esma35-43-349_mifid_ii_qa_on_investor_protection_topics.pdf
MiFID II and MiFIR Market Structures Topics Q&A https://www.esma.europa.eu/sites/default/files/library/esma70-872942901- 38_qas_markets_structures_issues.pdf
MiFID II and MIFIR Commodity Derivatives Topics Q&A https://www.esma.europa.eu/sites/default/files/library/esma70-872942901-28_cdtf_qas.pdf
European Commission (EC) Link
Markets in Financial Instruments (MiFID II) - Directive 2014/65/EU https://ec.europa.eu/info/law/markets-financial-instruments-mifid-ii-directive-2014-65-eu_en