Mifid
ESMA unveils guidelines to improve cross-selling practices
The European Securities and Markets Authority (ESMA) has published its guidelines on cross-selling products under MiFID II aimed at improving the treatment of investors when an investment firm offers two or more financial products or services as part of a package.
Imminent decision to delay MiFID II in full says report
Europe’s MiFID II legislation looks set to be delayed in full by a year after parliamentarians agreed not to block requests from policymakers and regulators to postpone it.
United Kingdom | 12 Nov 15
FCA chairman wants ‘less is more’ approach to wealth manager regulation
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
MiFID II delay ‘probably necessary’
An industry frustrated by the lack of clarity over MiFID II’s detailed requirements would welcome a year-long deferral.
Tax & Regulation | 11 Nov 15
EC signals MIFID II delay
The European Commission has said it is considering a delay of up to a year to the initiation of the second iteration of the Markets in Financial Instruments Directive.