MiFID II / MiFIR Videos
Product manufacturers such as investment banks will need to define and review target markets as well as interact closely with their distributors such as banks, platforms or wealth managers - how will your product management shelf and life cycle look like post-MiFID II? When assessing this question you will need to look at your existing product shelf, your distribution network as well as new product / life cycle management process. A new of trading venue for non-equity instruments is introduced by MiFID II, the so-called Organised Trading Facility (OTFs), as well as transparency requirements for Systematic Internalisers (SIs - those executing trades against their own book) enhanced - so do your current trading operations qualify as an OTF or are you considered a SI? In order to assess this question you will need to look at the trading services you are offering incl. the types of instruments such as bonds, derivatives, equities. It is important to keep in mind that a firm cannot be both OTF and SI, which can have a strategic impact on your organisation.
Discover who will MiFID II apply to, when will it come into play, what are the key changes and the questions to be asked in terms of investement advice, inducements, transparency and how PwC can help you.
