The looming challenges behind MiFID II's '10% rule'

Preparation is key

clock • 4 min read

Investment Week investigates how the industry could implement MiFID II's '10% rule' without causing major panic among clients

Extreme market falls may have happened only a few times in the past 100 years, but the prospect remains a perpetual concern.  The thought is playing on advisers' minds as they seek to comply with one particular requirement of MiFID II, in time to meet the 3 January 2018 deadline. According to MiFID II's '10% rule', advisers will need to tell their discretionary fund management clients when the value of their portfolio drops by 10% or more. Clients must be informed by the end of the same business day.  FCA unveils final rules for MiFID II implementation; Confirms trusts status; DFMs...

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