MiFID2: a reminder of five things corporate finance firms need to do

MiFID2 will impose additional obligations on investment firms when providing corporate finance services, particularly in relation to underwriting and placing of financial instruments.

The key impact of MiFID2 for corporate finance firms is focused on:

• the introduction of a set of new obligations to help manage conflicts of interest in underwriting and placing of equity and debt securities in particular
• the rigorous application of MiFID inducements standards
• the extension of certain MiFID conduct requirements, notably telephone taping, to certain corporate finance business activity
• the introduction of a new product governance regime applicable to the manufacture and distribution of equity and debt securities, and
• the extension of certain of the new MiFID rules and obligations to “Article 3 firms”.

Our briefing note provides an overview of those key changes, how the FCA is implementing them and what corporate finance firms need to do.

Download the briefing note