By Tim Dolan and Charlotte Collins King & Wood Mallesons’ London office.
Firms dealing with clients need to be aware of various changes under MiFID II, many of which will require careful reviews of policies and procedures. This alert covers some of the key changes in relation to client obligations, many of which are designed to increase client protection and therefore will result in more onerous obligations for firms.
Changes in relation to the suitability and appropriateness requirements, and best execution, will be covered in separate alerts.
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