On the 3rd of January 2018, the Markets in Financial Instruments Directive II (MiFID II) will come into effect. The main objectives are to increase market efficiency, deliver greater transparency and provide stronger investor protection.
MiFID II will have a significant impact on the market and includes Investment firms. Consequently, Investment firms, including KAS BANK, are taking the necessary steps to ensure that they are compliant before the end of this year.
09 Feb 2017
Requirements of MiFID II
The aim of the transaction reporting requirements is to inform the competent authority about all relevant circumstances under which the transaction took place. This should result in the competent authorities being better able to monitor market abuse.
How are we working towards the deadline?
In line with other European investment firms, KAS BANK’s internal MiFID II Project team has started the year in full swing with the implementation activities required to meet the new regulations. Last year we conducted a thorough investigation of the MiFID II requirements and made an impact analysis on how MiFID II will affect our policies, processes, procedures and systems. Since then we have been working hard towards being ready for the effective date of the 3rd January 2018.
For more information about MiFID II, the following links provide useful additional information