Kay Swinburne MEP: What we intended with MiFID II

‘Above all, MiFID rules put client needs first’

Professional Adviser talks to Conservative MEP Kay Swinburne, one of the architects of MiFID II, about the intentions behind that legislation, how advisers best deal with it and the what to expect from a 'MiFID III'

As vice-chair of the European Parliament's Economic and Monetary Affairs Committee, Conservative MEP Dr Kay Swinburne played a pivotal role in navigating the second iteration of the Markets in Financial Instruments Directive (MiFID II) through the European Parliament. Here she talks through the legislation and its implications for the UK's financial advisers. Broadly speaking, what would you say were the underlying intentions of the MiFID II legislation? The legislators wanted to create fair, effective and competitive markets, operating with a single rulebook across the European Union...