The EU’s MiFID II (the Markets in Financial Instruments Directive and Markets in Financial Instruments Regulation) legislation aims to improve the functioning of financial markets in light of the financial crisis and to strengthen investor protection.
It is a wide-ranging piece of legislation and affects many aspects of the way in which pension schemes use and pay for investment management services. From the 3 January 2018, it will start to apply in the UK.
The PLSA has been engaging closely with policymakers in the EU and the UK at each stage of the MiFID II process.
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