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ARTICLE · 29 MARCH 2007

MiFID’s Outsourcing And Third Party Contracts Requirements: Are You Ready?

Morrison Foerster
Morrison Foerster
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Morrison Foerster

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MiFID (the Markets in Financial Instruments Directive) is intended to promote a single EU market for wholesale and retail transactions in financial instruments. It is considered one of the most wide-ranging and important pieces of financial services legislation introduced in Europe over recent years.

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MiFID (the Markets in Financial Instruments Directive) is intended to promote a single EU market for wholesale and retail transactions in financial instruments. It is considered one of the most wide-ranging and important pieces of financial services legislation introduced in Europe over recent years.

For anyone working in the European financial services sector, MiFID has been big news for some time, given the impact that MiFID will have on the way investment firms conduct business in Europe. But how much focus has your organisation put on the impact MiFID will have on its outsourcing operations?

In this legal update, we consider the rules imposed by MiFID on regulated firms’ outsourcing and third party contracts and what these mean for financial services organisations that are increasingly outsourcing more and more of their functions to third party providers.

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