Financial Services partner Nathaniel Lalone spoke with Bloomberg on upcoming milestones related to the revised Markets in Financial Instruments Directive (MiFID II) since its initial implementation on January 3. The timeline includes more detailed restrictions or rules around specific types of trades, reports and disclosures, legal entity identifier (LEI) codes, registration, and equivalency issues. Nate stated, "The experience thus far is that there are too many teething problems to assume each of these subsequent steps will roll out hassle free." He added that data-reporting requirements are proving to be a significant challenge. ("Big Bang Turns to Drip Feed as MiFID Becomes Bits and Pieces," January 25, 2018)
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