Linklaters' Indwar on MiFID II Rules, Asia Impact

The video discusses the implications of MiFID 2, a comprehensive European financial regulation, on global and Asian institutions. It highlights the challenges faced by companies in preparing for the regulation, especially those in Asia dealing with European counterparts. The regulation demands increased transparency and compliance, affecting both clients and financial institutions. The complexity of MiFID 2, with its extensive documentation, poses significant challenges for companies to fully understand and implement the necessary changes.

What is the primary focus of MiFID 2 legislation?

• To promote financial independence for individual investors

• To reduce the number of financial institutions in Europe

• To increase transparency and compliance in financial markets

• To simplify financial regulations in Europe

How long have some clients been preparing for MiFID 2?

• Less than a year

• 1-2 years

• 2-3 years

• Over 5 years

What change will average investors experience due to MiFID 2?

• Decreased trading fees

• Simplified trading processes

• Increased transparency and diligence requirements

• More investment options

Why might Asian institutions struggle with MiFID 2 compliance?

• They are directly regulated by MiFID 2

• They have no experience with European markets

• They face indirect compliance pressures from European partners

• They have fewer resources than European institutions

What is a significant challenge for companies regarding MiFID 2?

• Reducing the number of employees

• Finding new clients in Europe

• Dealing with the complexity and scope of the regulations

• Understanding the short length of the legislation