Fri, Nov 22, 2019

Nick Bayley Featured in Professional Adviser and Investment Week Discussing MiFID II

Nick Bayley, Managing Director in Duff & Phelps’ Compliance and Regulatory Consulting practice, was featured in Professional Adviser and Investment Week discussing the recent news that European regulators intend to review the much criticized MiFID II regulation. It is expected that the regulators will embrace a ‘gentle reform’ rather than a complete overhaul.

Nick said it is "much too soon for a wholesale review" of MiFID II, and the "fundamental tenets and objectives" of the regulation "will not change any time soon. “He added that while the Financial Conduct Authority (FCA) "has made it quite clear that most of MiFID II is here to stay" post Brexit, there is an opportunity for it to change its approach after the UK leaves the EU. He explained: "The FCA did not vote at the time of its creation in favor of all of MiFID II but it agrees with the objectives of the vast majority of the regulations. The post-Brexit UK financial services industry and also the government will be eager to make the regulatory environment more appealing to businesses and investors and our more principles-based approach to regulation should serve us well in adopting new rules relatively quickly."

Read the Professional Adviser article here.

Read the Investment Week article here.