Given the difficulties faced by members in implementing the obligations on trade confirmations, AMAFI alerted the AMF to the scale of the IT developments required to issue confirmations consistent with MiFID 2 requirements. An additional six months will be needed to complete these developments.

European MiFID Template

This summer, the European Working Group (EWG), which brings together a panel of financial participants in Europe, comprising institutions and industry associations, including AMAFI, finalised its European MiFID Template (EMT), a template for the exchange of information between manufacturers and distributors under MiFID 2. Over Q3 2017, multiple meetings were held to build consensus on completing this template in order to enable a Q&A to be published. AMAFI participated actively in these meetings, where it advocated the views of its members. The EMT has been posted on our website.

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