Groups and Committees

‘The 10 minute guide to ‘MiFID and Outsourcing’

The Markets in Financial Instruments Directive is due to be implemented across the EU on 01 November 2007. The Directive seeks to harmonise the market in financial instruments across the EU, so that a firm operating in one country can operate in others across the EU, while strengthening protections for consumers.

MiFID represents a major change in the regulatory landscape of the EU as a whole, as well as the UK. Further, many of the changes that MiFID requires will impact on the IT systems used by financial services firms.

If suppliers provide outsourced services to their clients, they will need to look carefully at MiFID and its implementing directive from the FSA, to ensure that their contracts allow their clients to be compliant.

However, MiFID also represents a significant opportunity for suppliers to financial services firms, and also for those who may not normally supply to the financial services market but find their products or services may be in demand. New systems and products may well be required by firms in order for them to be compliant.

'The 10 minute guide to MiFID and Outsourcing' provides members with an overview of MiFID, the impact on outsourced services and their providers, and provides examples of products and services that could help financial services firms with their compliance obligations.

June 2007: 'The 10 minute guide to MiFID and outsourcing' (pdf 118KB) members only download paper»

For further information contact:
Peter Shearman
T 020 7331 2163
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