What is MiFID II?

November 2017
In 2007, the Markets in Financial Instruments Directive (“MiFID”) was adopted to harmonize financial regulations and create a single, cross-border securities market in Europe. A revised set of regulations, known as “MiFID II”, will go into effect on January 3, 2018. In this edition of Insights, we outline some key tenets of MiFID II and explore potential considerations for asset managers and clients including: 1) the cost impact of MiFID II to asset managers, 2) the potential for fee savings for clients, and 3) potential unforeseen changes to the market landscape after regulatory adoption.


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