Meeting MiFID II rules with help from expert team

The challenge

A prominent advisory network and portfolio manager was struggling to navigate the complex requirements of MiFID II. Because both of its core business lines were affected, the firm faced a significant challenge in understanding how the regulation intersected with other impending changes such as the Insurance Distribution Directive (IDD).

Additionally, the client faced difficulties in prioritising their mounting workload and launching the required change programmes. Without specialized regulatory expertise, they risked missing the strict statutory implementation deadline, potentially exposing the business to severe compliance failures.

Our approach

Our consultants performed an in-depth review of the client’s business model and investment propositions. We conducted a detailed side-by-side analysis of the existing rules and the new MiFID II requirements to isolate material changes affecting them as an Article 3 firm, ensuring other forthcoming regulations were fully aligned.

We designed a comprehensive action plan tailored for the client’s internal teams to roll out in-house. To safeguard quality and keep the project on track, we provided ongoing independent assurance, verified procedural updates, and delivered targeted training sessions for key stakeholders.

Outcomes

The client achieved full compliance with the Financial Conduct Authority (FCA) requirements well before the implementation deadline. By applying our structured planning and clear guidance, the firm successfully de-risked their compliance journey and established up-to-date systems and controls.

Utilising our flexible resource model allowed the client to execute the majority of the implementation work using their existing team. This strategic approach delivered substantial cost savings while maintaining exceptionally high compliance standards and regulatory confidence.

Evidence

The client successfully met all regulatory obligations ahead of the implementation deadline, with all internal procedures, systems, and controls independently verified as fully compliant with the FCA rules.