Cordium boosts Mifid II service
Cordium, the provider of risk and compliance services, has added a Mifid II Infrastructure Collateral Service ahead of the January 2018 deadline for implementation of the Directive.
The service gives compliance teams access to policies, procedures, manuals and related documents required for adherence to the deadline, and has been designed to facilitate updating of compliance documentation among different investment firms.
Areas addressed by the service include trade reporting, transaction report, best execution and dealing commissions. These facilities are in addition to services previously put to market by Cordium for businesses implementing a response to Mifid II requirements.
Jon Wilson, project director at Cordium, said: “Updating policies and procedures is an essential, yet sometimes underappreciated, aspect of Mifid II compliance. From our extensive experience, we know regulators expect the same rigor in documentation as they will in the implementation process themselves. This service will save investment firms significant time and energy by providing them with resources they can trust to be accurate, impactful and backed by expertise.”