Mr Romer-Lee adds that all of the legislation and regulation is designed to support transparency, efficiency, competition and the delivery of better customer outcomes.
In her research note: Mifid II: It’s not just a regulatory issue, Jackie Beard, director of manager research services for Morningstar, comments: “We welcome the regulatory changes Mifid II will bring.
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“It is far more than a compliance exercise. At the heart of the directive is the objective to make investors far more informed in a way that’s comparable, and to give them better quality advice that matches their suitability and needs.
“That should lead to a better investing experience, and when the investor wins, we all win.”
simoney.kyriakou@ft.com
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