MiFID II Handbook | Page 39

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With a considerable extension to audit requirements outlined in MiFID II , Kevin Rose asks where firms ’ priorities should be when assessing the effectiveness of their risk and audit functions

The MiFID II delegated acts , which were announced on 25 April 2016 outline compliance , risk and organisational responsibilities for regulated firms .

The European Commission is essentially proposing good practice . More specifically , it has detailed requirements for effective boards and risk frameworks , which it expects companies to put in place .

www . thetradenews . com THE TRADE MiFID II HANDBOOK | 39