MiFID II classification platform.

  • Simplify and automate the process of client classification.

  • Collect the required information and approve it internally.

  • Transmit information securely to external parties.

  • Automate information updates.

  • If you are a UK local authority, read more about CIPFA-branded platform built on our technology here.

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MiFID II becomes law on in January 2018.

What is MiFID II?

Following the financial crisis in 2008, European policymakers began to review and update the Markets in Financial Instruments Directive (MiFID), and accompanying regulation (MiFIR), seeking to increase market stability and confidence, and bolster consumer protections. The MiFID II directive applies to financial industry players that operate and or do business with European firms providing investment services.

On 3 January 2018, Europe will see the update to the Markets in Financial Instrument Directive (MiFID II) and the accompanying Regulation (MiFIR) come into force. Focusing on core principles of the creation of fairer, safer and more efficient markets, this arguably is the broadest piece of financial industry legislation ever and has the potential to significantly change market structures. Now is the time to be selecting and integrating systematic solutions to prepare for this vast regulatory change.

Source: Bloomberg

How can we help?

MyDocSafe enables smooth and secure information exchange between market players and simplifies and automates the process of client classification (‘retail’ vs ‘professional’).  Market participants can see what classification they have with whom and for what products.  Financial institutions gain exposure to new clients and simplify their compliance processes.

Comply with MiFID II.