MiFID II goes live but asset managers are still confused

Lack of consistency and clarity

clock • 3 min read
MiFID II amendments go live today

MiFID II amendments go live today

The latest amendments to the European Union’s MiFID II regulations came into effect today (2 August), but the lack of clarity and consistent labelling on sustainable assets means many fund groups are still not ready for the change, experts told Investment Week.

MiFID II is a legislative framework brought in by the bloc to standardise practices across the EU and increase transparency for investors, especially around costs. As of today (2 August), the amended regulations will require financial advisers to consider clients' sustainability preferences when conducting suitability assessments. If clients express an interest in making sustainable investments advisers will have to accommodate. Fund managers will also be required to provide ESG data in a standardised format for all products marketed in the EU to fund distribution channels so that the...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

Janine Hofer-Wittwer CFA, SIX

MiFID II meets ESG and EU regulation

Tight time frame

Janine Hofer-Wittwer
clock 09 August 2022 • 3 min read
Roger Clarke, CEO, IPSX

Market deregulation is key to reinforcing the UK's position in the financial world

Austin Review

Roger Clarke
clock 05 August 2022 • 3 min read
FCA guidance means platforms will play a more important role

Platforms ceiling on fund charges: Duty to consumers or a step too far?

New FCA guidance

Kathleen Gallagher
clock 04 August 2022 • 6 min read