MiFID2: documents and policies update for asset managers

This briefing note provides a checklist (primarily for buyside/asset management firms) of the legal agreements and compliance policies likely to be impacted by changes brought in by the UK’s implementation of MiFID2. It sets out our general views on what documentation reviews and updates such firms within scope of MiFID2 may wish to prioritise.

The EU's Markets in Financial Instruments Directive (MiFID1), in force since November 2007, established a pan European framework for the provision of investment services and the operation of markets. The existing framework is being substantially amended by a recast Markets in Financial Instruments Directive and Regulation (together, MiFID2) which will come into effect on 03 January 2018.

MiFID2 significantly increases the scope of applicable regulatory obligations, including many which impact on legal agreements and compliance policies.

Simmons & Simmons has produced this briefing note to assist buyside/asset management firms, who fall within the scope of MiFID2, to prepare to implement updates to legal and compliance documents during Q3 and Q4 of 2017. It provides a checklist of the types of legal agreements and compliance policies, as implemented in the UK, which are likely to be impacted by changes brought in by MiFID2.

We have developed a series of fixed price standard MiFID2 compliant template documentation and offer other MiFID2 compliant documentation reviews - please contact us for a list of indicative prices.  

Download the briefing note

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.