Increased investor protection requirements

Investor protection - a significant burden

MiFID II places a significant burden on investment firms and how they treat their clients under the auspices of 'investor protection'.

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New data requirements for your firm

MiFID affects how you assess and market to your clients. This includes tighter control on products, a better understanding of clients, the products they are able to trade and the processes that must be followed.

The directive has introduced more stringent requirements on assessing individual clients, especially when providing advice on more complex instruments, so this requires careful classification of clients and the products that they may be offered.

A strategic approach to regulation

MiFID II is not the only impending legislation to impact firms over the next decade and many banks are now taking a strategic approach to the growing regulatory requirements across products, services and jurisdictions.

So, organizations will need to design and implement new processes, procedures and flexible platforms to manage an end-to-end control framework required to meet to both the specific MiFID II requirements and the broader upcoming regulatory demands.

Many banks are now taking a strategic approach to the growing regulatory requirements across products, services and jurisdictions.

These controls start with the KYC process and on-boarding of clients, permissioning clients to products and channels and the granular level policies defining the suitability, appropriateness and sales process for individual products being sold to particular client types.

Your need a clearer grasp of both product complexity and client needs. Which will probably mean a broader, deeper and more consistent level of reference data across products and legal entities than ever before. 

Equipped and ready to help

We can help build a robust client management strategy with a comprehensive range of legal entity reference data services.

Entity Risk helps you validate client identity with the most complete and comprehensive data source available for understanding complex corporate structures. With over 100 legal entity attributes, including LEI and organisation type, this data can be delivered through multiple channels including DataScope, web service APIs or FTP servers.

Fundamentals data builds on client identification by providing access to corporate fundamentals on over 88,000 companies in 120 countries.

Org ID delivers a much more complete capability, designed to simplify and streamline counterparty due diligence and the on-going maintenance of KYC records. It is a managed service that collects, classifies and verifies a client’s identity, provides integrated screening and on-going monitoring to detect changes in legal entity status.