With the 3rd January 2018 deadline for the implementation of MiFID II client reporting just six weeks away, FE has created a data packaging solution to help platforms, back office software providers and DFMs who have left it late to find a solution to gather the data for their reporting requirements.
This new service is part of FE’s Regulatory Data Services and will allow distributors to gather the target market and cost and charges information required under the MiFID II regulations.
Martin Jones, head of regulatory data services operations at FE, commented: “We have been working with asset managers and platforms for many months to collect, validate and exchange the data necessary to meet their MiFID II obligations. However, there are many firms caught by MiFID II that still have no solution in place to populate their client reports from 3rd January.
“We’ve had an excellent response to this service already from firms who underestimated the size of the task they were facing. The database has a wide range of coverage and can be switched on for distributors in just a matter of days, so solves the problem quickly and easily for those still struggling to meet the deadline.”
For more information please contact us.