Compliance tools · Corporate governance, employment and financial

MiFID II Compliance Agent

Directive 2014/65/EU · European Union · Binding instrument

Name anyone on your staff. The system makes them your compliance person.

A member of your own staff, with no compliance background, reads the training module, answers the interview, and finishes with your MiFID II documentation cited article by article. The knowledge stays in the business.

Every account level runs inside a dedicated Claude account. Anyone can try a toolkit in their own Claude account; compliance work runs in a dedicated one. The Claude Max plan is £90 a month, paid to Anthropic, and is not included in any level.

See a finished report before you pay

MiFID II is Directive 2014/65/EU, a binding instrument in the European Union. Conduct, organisational and reporting duties for investment firms, from authorisation to best execution and transaction reporting.

The duties an investment firm carries are not held in the Directive alone, so this system is built on four instruments read together: Directive 2014/65/EU, Regulation (EU) No 600/2014, Commission Delegated Regulation (EU) 2017/565 and Commission Delegated Directive (EU) 2017/593. All four are covered in their consolidated form, every duty cited to its article.

The free assessment screens for MiFID II when a business is authorised as an investment firm, or provides investment services such as investment advice, portfolio management, the execution of client orders, or the reception and transmission of orders.

Sectors this instrument reaches: investment firms; portfolio managers; investment advisers; brokers receiving and transmitting client orders; firms executing client orders; tied agents; credit institutions providing investment services.

This toolkit serves an authorised investment firm.

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• Your exact position under MiFID II: what is in place, what is missing, and what to do about each gap.
• Documentation with article citations, ready for auditors, insurers, customers and public buyers.
• A trained person inside the business who understands what the regulation requires, and stays.
• A dated record of every section completed, with the reports themselves staying in your own Claude account. The toolkit is carried by an account level, see the plans.
• All of it completed in-house, at your own pace, without booking a single meeting.

Check that MiFID II Compliance Agent applies to your business, free →

Does MiFID II Compliance Agent apply to my business?

MiFID II applies to you if your regular occupation or business is the provision of one or more investment services to third parties or the performance of one or more investment activities on a professional basis, as defined in Article 4(1)(1) of Directive 2014/65/EU. It also catches market operators, data reporting services providers and third-country firms with a branch in the Union.

Who does MiFID II Compliance Agent apply to?

It applies to investment firms under Article 4(1)(1) of Directive 2014/65/EU, including portfolio managers, investment advisers, brokers receiving and transmitting client orders, firms executing client orders, tied agents and credit institutions providing investment services. Regulation (EU) No 600/2014 binds the same firm directly, and Commission Delegated Directive (EU) 2017/593 reaches it through home Member State law.

Does MiFID II Compliance Agent apply to a small business?

The instrument has no size threshold. Article 3 of Directive 2014/65/EU allows Member States to grant optional exemptions to certain persons whose activities are limited to reception and transmission of orders and investment advice, subject to the conditions in that Article, and Article 2 exempts the persons it lists.

When does MiFID II Compliance Agent apply from, and what are the deadlines?

The transposing measures for Directive 2014/65/EU apply from 3 January 2018 under Article 93(1) second subparagraph, and Regulation (EU) No 600/2014 applies from the same date under MiFIR Article 55 second paragraph. Commission Delegated Regulation (EU) 2017/565 applies from 3 January 2018 under its Article 91 second subparagraph, and Commission Delegated Directive (EU) 2017/593 applies from 3 January 2018 under its Article 14(1) second subparagraph.

What does MiFID II Compliance Agent require me to do?

You must meet the conduct, organisational and reporting duties across 409 obligations, from authorisation under Article 6 of Directive 2014/65/EU to best execution under Article 27 and transaction reporting under Article 26 of Regulation (EU) No 600/2014. The duties also cover client asset safeguarding, product governance and inducements under Commission Delegated Directive (EU) 2017/593 Articles 2 to 13.

What records or documents does MiFID II Compliance Agent require me to keep or produce?

You must keep order records under Article 25 of Regulation (EU) No 600/2014 and report transactions under Article 26 of that Regulation. Record keeping and safeguarding of client assets under Article 16 of Directive 2014/65/EU and Articles 49 and 72 to 75 of Commission Delegated Regulation (EU) 2017/565, and telephone and electronic communications recording under Article 76 of that Delegated Regulation.

What happens if I do not comply with MiFID II Compliance Agent?

Article 70(6) and Article 70(7) of Directive 2014/65/EU set maximum administrative fines of at least EUR 5 000 000 for a legal person, or up to 10 per cent of total annual turnover according to the last available accounts approved by the management body, and at least EUR 5 000 000 for a natural person. Other sanctions include a public statement, a cease order, withdrawal or suspension of authorisation, a management ban and a temporary ban on market membership.

How do I start complying with MiFID II Compliance Agent?

The first practical step is authorisation under Directive 2014/65/EU Article 6, Article 7, Article 9, Article 11 and Article 21. Article 5(1) requires prior authorisation for the provision of investment services and the performance of investment activities.

Which ComplianceSME account includes the MiFID II Compliance Agent toolkit?

The MiFID II Compliance Agent agent toolkit is included in Compliance Complete.

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