With MiFID II very much “bedding down”, its impact is being felt outside of the EU as well as inside. This article on the Tabb Forum by Gary stone of Bloomberg Trading Solutions looks at how those in other jurisdictions are being affected by MiFID II. For some this is due to the “no LEI no trade” rule that started for Investment Firms in July (see here). For others, there are the requirements to offer Services in the EU. And for some, compliance, even if not mandated, is beneficial. In the same vein, this article on Bloomberg Business looks at some of the ways in which MiFID II facilitates the EU supervising activity in other jurisdictions, something that not all regulators are happy with.

Meanwhile, in Europe, some smaller financial advisers are finding that the applicable parts of MiFID II are causing them to either consolidate, or to no longer serve certain clients. This article on FT Adviser is written by one such adviser.