- Application of MiFID II and MiFIR to third-country firms
- Original news
- How do MiFID II and MiFIR apply to third-country market participants generally?
- What are the key direct impacts in terms of authorisation requirements?
- What are the key direct impacts in terms of ongoing compliance obligations?
- What are the key indirect impacts on third-country market participants?
- What should a US FCM or other third-country market participant do now to assess and prepare for its compliance obligations under MiFID II and MiFIR?
Financial Services analysis: The Markets in Financial Instruments Directive 2014/65/EU (MiFID II) and the Markets in Financial Instruments Regulation 2014/600/EU (MiFIR) fundamentally strengthen the regulation of the EU’s financial markets, with a corresponding impact on third-country firms (ie non-EU firms) that access such markets. Nathaniel Lalone, partner, and Christopher Collins, trainee solicitor, both at Katten Muchin Rosenman UK LLP, assess the third-country provisions, how they apply, and the key direct impacts in terms of authorisation requirements and ongoing compliance obligations.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial