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Compliance with data legislation in financial servicesMifIDThe Markets in Financial Instruments Directive (MiFID) came into force on 1 November 2007 and replaces the Investment Services Directive (Directive 93/22/EEC). It is a European Union law which provides a harmonised regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). The main objectives of the Directive are to increase competition and consumer protection in investment services. MiFID replaces the Investment Services Directive (ISD) and extends its coverage and introduces new and more extensive requirements that firms will have to adapt to, in particular for their conduct of business and internal organisation. DQ Global understand the need for compliance with financial legislation, and the impacts of not complying. We have been working with financial services organisations worldwide for more than 10 years and are able to deliver software systems to ensure that companies affected by the regulations are able to demonstrate their compliance. |
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