MiFID II: Firms can expect 'degree of flexibility' on complex issues but should not fall behind on the basics

'Zero tolerance approach' to more straightforward areas

Firms can expect a "degree of flexibility" by the regulator when it comes to the enforcement of MiFID II next year but there is likely to be a "zero tolerance approach" to the most straightforward areas, according to Linda Gibson, director of regulation and compliance risk at BNY Mellon's Pershing.