MiFID working group created
BRUSSELS – Four major industry associations announced in early April the creation of a Joint Working Group to address the compliance requirements created by the European Union’s Markets in Financial Instruments Directive (MiFID).
MiFID was issued in April 2004, and will affect participants in the financial services industry in all 25 member states of the EU across their activities in almost all asset classes.
The working group will have representatives from FIX Protocol, ISITC Europe, the Reference Data User Group and the FISD, and will be chaired by Chris Pickles, co-chair of the FPL Global Education & Marketing Committee. Its first meeting is scheduled for May 3 in London.
Pickles says: "MiFID is the largest change in
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