The MiFID II / MiFIR regulatory framework seeks to improve the competitiveness of EU financial markets and ensure investor protection for investors in financial instruments. SIX will deliver accurate and high quality reference, listing, and market data for all asset types over all instrument life cycles, including corporate actions, allowing you to maximize automation of your post-trade workflows.
This comes as a result of client consultation in interviews, workshops and forming the SIX MiFID II Working Group with specialists from international financial institutions in which requirements and pain points are addressed. We are also proactively working with trading venues, industry associations and regulators to ensure clients are ready for the 2018 deadline, concentrating on Investor Protection, Transparency and Market Data Reporting.
Listen on demand to a discussion of the seismic changes the regulation will bring, featuring SIX expert Alex Dorfmann.
Under MiFID II rules, firms must assess their clients’ objectives, risk tolerance and ability to bear loss during the advisory process. Investment firms can rely on SIX data to carry out product suitability assessments, profile investors and ensure that advisors only offer products suitable for the investor’s needs.
MiFID II extends pre- and post-trade transparency regimes for non-equity instruments. We provide static information on key pre- and post-trade reporting categories to support your reporting obligations. We offer a direct interface to ESMA data on waivers, deferrals and liquidity assessments so you can trust a single data source and save on costs and efforts.
Under MiFID II, firms need to deal with many more data points to carry out reporting obligations, with identifiers playing a particularly important role in the reporting on financial instruments and transactions. Our service simplifies this process with a marker that alerts firms to reportable instruments and providing identifiers necessary for all reporting obligations. As an independent committee member of ISO and ANNA, we can offer the latest insight on ISO standards.
The MiFID II / MiFIR regulatory framework seeks to improve the competitiveness of EU financial markets and ensure investor protection for investors in financial instruments. The directive’s main goal is to standardize the EU financial markets.
By 3 January 2018, all investment firms in the EU / EEA are required to comply with MiFID II, including firms providing investment advice and portfolio management on a client-by-client basis. MiFID II creates new challenges in terms of data collection, analysis and reporting to National Competent Authorities (NCAs) and the EU regulator ESMA.