TISA to hammer out clear MiFID II guidelines

Financial services lobby group TISA has pledged to bring greater clarity to the discussion on what the incoming European Markets in Financial Instruments Directive (MiFID II) will mean for advisers and providers.

TISA will form two working groups to develop guidelines for firms ahead of a Financial Conduct Authority (FCA) consultation scheduled for the autumn. European directive MiFID II will take effect in January 2017, when it will impact on wholesale markets and a wide range of financial services firms in the UK. The FCA issued a discussion paper on how it intends to implement the new rules in March, but uncertainties remain around how firms will be impacted. Read also: FCA consults on MiFID II independent advice criteria By debating the directive with industry players, TISA said ...