Global law firm Dentons announced today the launch of a new online regulatory project management tool to assist clients in complying with MiFID II / MiFIR.
MiFID II is the revised Markets in Financial Instruments Directive, which was introduced in response to the financial crisis to create a more competitive and integrated EU financial market. MiFIR accompanies that directive, and adds new transparency requirements, trading obligations and clearing requirements.
MiFID II Manager helps organizations keep ahead of the regulatory curve. It combines a searchable database - containing relevant regulations, discussion and consultation papers and final reports - with a project management tool to help companies ensure compliance at each step.
Bernd Geier, Co-head of Dentons’ Europe Financial Institutions sector group, explained, “The MiFID II deadline of 3 January 2018 is fast approaching, and financial institutions, funds, as well as corporations are in a race to the finish to implement the complex technical requirements on time. Many institutions face challenges following multiple laws and evolving regulatory requirements, so this online platform will help them navigate the latest regulatory developments.”
MiFID II Manager provides immediate access to the latest versions of MiFID II / MiFIR, Regulatory Technical Standards (RTS), Implementing Technical Standards (ITS) as well as other delegated acts, guidelines, and Q&As. The tool was developed by lawyers from Dentons’ Financial institutions sector group, who are experienced in guiding clients through complex regulatory change projects. As added value to clients, the tool also features topical newsletters, presentations and a Q&A section.
Dentons is committed to using intuitive technology to advance the practice of law and help solve clients’ legal challenges. While this tool is focused on MiFID II, the Firm is exploring the potential to expand its use to other financial regulatory compliance projects.