Flower power: debunkingthe Day of the MiFIDs

With the impending transition to the Markets in Financial Instruments Directive, there are still many who remain convinced it has nothing to do with them - erroneously. A small degree of research, however, and benefits will begin to emerge from what many consider to be a bouquet of horror

No doubt everyone is growing a little weary of the MiFID/TRiFID gags that have been doing the rounds ever since the Markets in Financial Instruments Directive first loomed on the horizon. But then MiFID really is no laughing matter - especially for those who think it has nothing to do with them. One thing that is genuinely alarming is the number of people simply not ready to deal with the sweeping regulatory changes that will become reality at the start of November when the new rules are implemented. It did not help, of course, that MiFID arrived at a time when the industry was already tr...