FTSE Global Markets: Seven things you need to know about MiFID II and GDPR
The second iteration of the Markets in Financial Instruments Directive (MiFID II) and the General Data Protection Regulation (GDPR) come into force in less than 11 months. James Foley, VP of Customer Experience Resilient helps prepare us all for the inevitable.
Novelist, Alice Walker, wisely said “time moves slowly but passes quickly”. It’s a common sort of witticism that applies to many things in life, including the countdown to MiFID II (The Markets in Financial Instruments Directive) and GDPR (the General Data Protection Regulation – two regulatory beasts, coming into effect in early 2018. Both pieces of legislation will have a significant bearing on the financial services industry. From a preparation point of view, this is the eleventh hour. Making the necessary arrangements for immediate compliance is a significant undertaking, involving the synchronisation of many moving parts.