MiFID II
Compliance

Fenergo fuses intelligent rules logic with sophisticated case management and robust workflow solutions to help financial institutions comply with MiFID II obligations quickly and efficiently

Fenergo fuses intelligent rules logic with sophisticated case management and robust workflow solutions.

In force since the 3rd January 2018, the Markets in Financial Instruments Directive II (MiFID II) and its associated regulation, MiFIR (Markets in Financial Instruments Regulation), aims to provide a safer, more accountable and transparent global market by imposing greater regulatory obligations on those engaged in the dealing and processing of financial instruments

Transformational Approach Required to Comply with MiFID II

MiFID II brings into scope more firms and asset classes than its predecessor, impacting a wider range of systems, processes and people for financial institutions. Everything from entity data and document management, compliance, regulatory outreach, onboarding, client off-boarding and overall client lifecycle management will be impacted. MiFID II will demand a transformational approach to preparing for and solving its increased regulatory demands.

Solve MiFID II Obligations with Out-of-the-Box Compliance

Fenergo MiFID II Compliance solution brings together a host of technologies that enable financial institutions to comply with MiFID II obligations in line with overall Client Lifecycle Management demands, including: 

  • Advanced regulatory rules logic

  • Centralized data and document management

  • API-driven data integration tools

  • Sophisticated classifications engine

  • Robust workflow engine

  • Regulatory client outreach solution. 

The Impact of MiFID II

  • 01. KYC Requirements

    MiFID II will demand the collection of more client and counterparty data and documentation needed to reclassify clients and products that have been newly brought into scope

  • 02. The LEI Challenge

    Under MiFID II, firms will no longer be able to execute a trade on behalf of a client who is eligible for a Legal Entity Identifier and does not have one

  • 03. Regulatory Client Outreach

    MiFID II will put many client outreach divisions in banks under enormous pressure as they seek to identify and communicate with thousands of clients now in scope

  • 04. Data Remediation

    The removal of certain exemptions for some entity types means all existing customers will require a remediation effort in order to ensure they are compliant with the new rules

RESOURCES

whitepaper

MiFID II-The 6 Month Countdown

We review the key functional, operational and technical impacts that this wide-ranging regulation will have on client onboarding and lifecycle management processes for banks in Europe and all over the world.

download whitepaper
BROCHURE

MiFID II Compliance Brochure

Fenergo MiFID II Compliance solution brings together a host of technologies that enable financial institutions to comply with MiFID II obligations in line with overall Client Lifecycle Management demands

download brochure

Blogs

  • MiFID II: 6 Key Changes for Client Lifecycle Management

    Learn more about the six key areas of the Client Lifecycle Management process that will be directly affected by the incoming directive

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  • MiFID II - The Final Countdown

    Examine the impact that this wide-ranging regulation will have on client onboarding and lifecycle management processes for banks in Europe and all over the world.

    Read more
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