Firms should brace for the MiFID II challenge

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What is the aim of MiFID II?

  2. Name two specific goals of MiFID II?

  3. MiFID II has a very narrow sphere of influence in terms of regulation. Yes or no?

  4. What is the main challenge for firms implementing MiFID II?

  5. What is one of the hurdles in reporting financial instrument trade prices?

  6. Who are the big winners from MiFID II?

  7. With less than six months to go before implementation, what proportion of firms, according to a survey, said they were not yet in a position to comply?

  8. Why is Brexit an issue in the leadup to MiFID implementation?

  9. What is likely to be one of the big side-effects of MiFID II?

  10. When are we likely to see whether MiFID II had its intended impact?