MiFID II, MIFIR and asset management—in a nutshell
Produced in partnership with Linklaters
MiFID II, MIFIR and asset management—in a nutshell

The following Financial Services practice note produced in partnership with Linklaters provides comprehensive and up to date legal information covering:

  • MiFID II, MIFIR and asset management—in a nutshell
  • MiFID II and asset managers—overview
  • MiFID II and asset managers—UK gold-plating
  • Inducements/research regime
  • Best execution
  • Taping
  • Record keeping
  • Some of the key areas of MiFID II/MiFIR for asset managers to consider
  • Inducements and payment for research
  • Transaction reporting
  • More...

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

The recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and the Markets in Financial Instruments Regulation (Regulation (EU) 600/2014) (MiFIR) took effect on 3 January 2018, replacing the previous Markets in Financial Instruments Directive (Directive 2004/39/EC) (MiFID I). It is of the utmost importance for asset managers to ensure they comply with requirements that have been placed on them directly by the UK implementation of MiFID II and the direct effect of MiFIR. There may also be indirect impacts owing to the actions their counterparties are required to make by virtue of their own MiFID II/MiFIR obligations.

For more information on MiFID II and MiFIR, see Practice Notes: MiFID I, MiFID II and MiFIR—essentials and MiFID II and MiFIR—one minute guide. For an article-by-article guide to MiFID II and MiFIR, see Practice Notes: MiFID II level 1 roadmap and MiFIR level 1 roadmap.

MiFID II and asset managers—overview

MiFID II, along with other

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