How the Cloud Ensures MiFID II Compliance
Read how cloud communications is providing financial firms with a solution for immediate MiFID II compliance.
From January 3rd 2018, financial firms will need to establish efforts to comply with MiFID II or face substantial fines.
MiFID II is set to rock the investment management industry, with the launch of the most ambitious, extensive communications regulations yet.
Companies will now be liable for recording and retaining all communications, that are intended to lead to a transaction across all devices and platforms. Those found non-compliant with MiFID II will risk fines of up to €5 million, or 10% of global turnover.
This report explores the implications of MiFID II for the investment and funds industry and details how cloud communications can secure immediate MiFID II compliance.
