Document Server

MiFID l (Markets in Financial Instruments Directive) has recently been upgraded to MiFID ll

MiFID ll sets out to improve the way financial organisations manage, store and report their information, thereby enhancing investor protection and strengthening market confidence.

The implications are that anyone in the financial industry already operating under MiFID l, will need to review their existing technology infrastructure and process flows to make sure they comply with the ‘tightened’ new directive on the handling of data.

For those who previously fell outside MiFID l (such as commodities traders), it’s time to start thinking about setting up the necessary infrastructure to support the new compliance initiatives, as you are now included under MiFID ll.

How much money and time you need to spend getting ‘up to speed’ will depend on how your firm is currently structured and if you have the expertise to implement and run the infrastructure changes in-house.

If you don’t, we can help you make sense of the compliance implications.  ProcessFlows understand business process change.  We have extensive experience and expertise in improving back office functions.

After finding out how your business ‘ticks’, we will come up with a solution – based around your existing information/IT systems – which secures your transactional and sensitive data whilst it is being processed, shared and finally stored.

Our technology maintains meticulous records and audit trails.  It provides administrators with a clear view of who accessed what documents and when so you can prove that records either were or were not, destroyed.

We will help you optimise your workflow and increase efficiencies.

The final result could be that you end up working so much more efficiently and effectively – as well as being compliant – that any costs incurred overhauling your system are clawed back within a few months.

For more information please contact us on 01962 835053 or email enquiries@processflows.co.uk