1 February, 2018
From 3 January 2018, (MIFID II) the revised Markets in Financial Instruments Directive came into effect in EEA Member States, and introduced various changes including new rules around product governance.
The new rules impose product governance obligations on investment firms who are established in the EEA and subject to MiFID II when they manufacture or distribute financial instruments.
Although the new product governance rules only apply to MiFID regulated firms, non-MiFID regulated firms will also be indirectly impacted.
In this short, four-minute video we outline the background to, and the scope and impact of, MiFID II and take a look at the proportionate “professional investors” only product governance regime proposed by the ICMA.
For more information, read the report on the MiFID II Product Governance Rules and their extra-territorial impact for DCM deals in Asia by clicking here.
For further information, please contact:
Terence Lau, Partner, Linklaters
terence.lau@linklaters.com
