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MiFID II compliance requires preparation Financial services providers better be prepared for additional scrutiny under MiFID II, Laura Glynn advises. Ms. Glynn is the global regulatory affairs manager with Fenergo, a provider of client lifecycle management software solutions for investment, corporate and private banks. Fenergo’s solutions help institutions manage the end-to-end regulatory onboarding and entity data management processes. They are rules-driven to ensure compliance with multiple regulatory frameworks while supporting the collection, centralization and sharing of client and cou...

An overview of the existing regulatory requirements applicable to CTPs; Key risks identified by the CSA and IIROC from the operation of CTPs; Areas where flexibility may be available in how regulatory requirements will be applied to CTPs; and Compliance steps that a CTP needs to take, including interim steps that may allow a CTP to operate as it prepares to fully integrate into the securities regulatory framework. Beyond indicating that CTPs operating in Canada are subject to regulation under the current securities regulatory framework, the Staff Notice notes that an existing registered firm ...