MiFID II/MiFIR implementation
ADM works with clients to identify what MiFID II/MiFIR means for their business, navigates the Level 3 question and answer process, and develops relationships with the FCA, other EU member state regulators, and trade associations. ADM can also work with regulators to prioritise Level 3 questions and work with industry stakeholders.
ADM’s experience with MiFID II/MiFIR issues is extensive. In 2014, ADM helped a major UK bank develop its response to ESMA’s May 2014 MiFID II/MiFIR consultation and discussion papers. And as a senior policy advisor to the International Swaps and Derivatives Association (ISDA) (Jan 2015–Jul 2016), ADM worked with ISDA’s members on several issues that have now been addressed under the MiFID ‘quick fix’ or through changes in the Level 2 technical standards.
This was achieved through the production of fact-based research that was then presented to officials in the EU Commission and ESMA, as well as member state finance ministry officials and competent authorities. ADM also worked with ISDA staff to establish ISDA’s approach to Level 3 and to identify, and where appropriate, suggest answers to, key Level 3 questions.
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