AIMA Publishes MiFID II Guide For Investment Managers

Feb 3 2017 | 10:25pm ET

The Alternative Investment Management Association (AIMA) and law firm Schulte Roth & Zabel have published a guide for investment managers aimed at helping them understand and implement the dizzying number of requirements contained in the EU’s MiFID2 regulations ahead of the January 2018 deadline. 

AIMA’s MiFID2 Guide aims to provide investment managers with a better understanding of which aspects of MiFID2 are relevant to them, what the rules require and what practical steps they can take to ensure compliance with the new framework.

MiFID2, which is shorthand for the second tranche of the EU’s Markets in Financial Instruments Directive, represents the most significant overhaul of European securities trading rules of recent years. It will bring many changes for investment managers, including how they pay for research, what they must report to regulators, taping of telephone calls and best execution. Any firm that trades on European venues or interacts with European counterparties will be impacted by MiFID2 to some degree, regardless of where that firm is established.

“We know that MiFID2 is now top of the list when it comes to members’ regulatory implementation work in Europe for 2017 and hope that the guide will help them make sense of MiFID2 requirements and what they should be doing right now,” said AIMA’s CEO Jack Inglis in a statement. “With January 2018 now visible on the horizon, there is much for the industry to do, so our hope is that this will be a central resource for our members.”

“MiFID2 is going to dominate compliance agendas in 2017,” added Schulte Roth & Zabel partner Anna Maleva-Otto. “We were delighted to work with AIMA on producing the MiFID2 Guide which includes an overview of the reforms applicable to EU and non-EU asset managers and practical recommendations for the implementation of the new compliance obligations."

The full MiFID2 guide is available only to AIMA members and clients of Schulte Roth & Zabel, a leading financial services law firms and sponsor of the report. 

AIMA is a global alternative investment industry association with 1,800+ corporate members in more than 50 countries. It is the co-founder of the well-known Chartered Alternative Investment Analyst designation, and its manager members collectively manage more than $1.8 trillion in assets worldwide. 

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