Mifid II seen affecting Asia fund approval process
Product governance rules under Mifid II are likely to affect the operations of Asian product producers, but most firms remain unprepared for the changes to come, say experts.
Asian investment firms fall outside of the remit of Europe's new Mifid II regime but to ensure greater consistency across global operations and to keep bigger Asian clients happy, they may have no choice but to adapt to the looming new rules, industry and legal experts believe.
Mifid II—the European Union's second Markets in Financial Instruments Directive—comes into force on January 3 and aims to foster greater cross-border competition in financial services across the region, whi…
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