The new Markets in Financial Instruments Directive (Mifid II) has helped harmonise the respective regimes applicable to investment services providers and financial investment advisors (FIAs). It adds news rules for both categories, in particular better control over conflicts of interest and reinforcement of investor information.
Work has also been carried out on rules of organisation, good behaviour and governance for these 2 types of actors. Changes to the financial rules have been an opportunity for the French financial regulator to transform the role of FIA from a profession to an activity, and to overhaul acces conditions.
Through its regulatory moniting services, Regalex helps French and foreign financial investment advisors to implement Mifid II in all serenity.