Many US and Canadian banks are governed by MiFID II

Lucy Heavens
August 9, 2017


Did you know that many US & Canadian banks are governed by MiFID II?

Are you one of them?

North American firms with subsidiaries, risk exposures and/or trade in European markets will have to meet the January 3 2018 deadline for MiFID II compliance.

One of the areas that European banks are finding difficult to address concerns MiFID II compliant digital record-keeping – specifically relating to digital or e-communications.

  • What exactly is an e-communication, according to the Regulator? What else beyond email?
  • Do interactions via your website, client portal, instant messaging, social media, and mobile apps count as e-communications? (The sheer breadth of e-communication platforms in use today adds complexity)
  • What must you record? The entire communication, or just part of it?
  • How long must e-communication records be archived for? And in what form?

Without the right systems in place, you may miss the MiFID II deadline, and risk penalties for non-compliance.

Want to get the answers and beat the January 2018 deadline?

Download the factsheet to learn more.

Let us update you

We promise not to spam you, or give your contact details to anyone else. We will simply update you from time to time, when we have relevant news to share.