MiFID II Feedback Statement

The Department of Finance have issued a feedback statement following a public consultation regarding the implementation of MiFID II.  

While the draft regulations implementing MiFID II into Irish law are yet to be published the feedback statement has made a number of indications regarding third country managers.  In particular, the intention is to continue to retain the previous safe harbour for third country managers to provide investment management services to Irish entities without the requirement to seek MiFID authorisations - albeit subject to certain restrictions which did not previously apply under MiFID. 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.