MiFID II countdown: What can be achieved with only 100 days to go?

While retailers gear up for the Christmas countdown, the clock is also ticking for overworked compliance teams to get to grips with the complexities of MiFID II as they work towards the 3 January 2018 implementation date.

They are not helped in their task by the fact firms are still waiting for further guidance from the European Securities and Markets Authority (ESMA), with a paper due later in the autumn on product governance. There are a number of grey areas still to be worked out, with a lack of clarity in areas like displaying costs and charges, cost/benefit analysis on switching, and client reporting. So what does the FCA expect firms to have achieved by the deadline?  MiFID II blog: Industry progress as 2018 deadline approaches In terms of solving the problem of how to inform clients within...