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The proposed amendments to the Markets in Financial Instruments Directive (MiFID) were released in October 2011 and encompass an amended directive and a new regulation, collectively referred to as MiFID II in this article. The changes to MiFID present a number of challenges for managers in terms of evolving their current business practices and coordinating their efforts to implement the full range of proposed regulatory changes. However they also present an opportunity for firms that are able to adapt swiftly and utilise the impacts of MiFID II to drive strategic business decisions. We have grouped the impacts into three topics: driving strategy, jumping the hurdle, closing the gap. These subjects are discussed below.
Driving strategy
There are a...
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