The first meeting will take place in London on 4th June when members will discuss: suitability and appropriateness, stakeholder communications and best execution. The group will meet monthly, giving members the chance to benchmark against other firms, exchange ideas and resolve issues. The sessions are chaired by an independent consultant and run under the Chatham House rule to encourage open debate.

Naomi King from Clearconcepts said, "MiFID has highlighted the need for industry cooperation, and the chance to discuss critical issues with peers can be invaluable."