Impact of MiFID II for non-European based firms

As the January 3, 2018 MiFID II deadline approaches, many organizations in Europe are solidifying their solutions. But what of companies based outside of the European Union and the EEA? What impact, if any, will MiFID II have on these organizations?

MiFID II, which is made up of two linked pieces of legislation, namely the revisions to the original MiFID directive of 2007, combined with the Markets in Financial Instruments Regulation (MiFIR), is generally considered to be one of the most far reaching pieces of legislation to come out of Europe in many years.