I want to bring the activities of the MiFID Forum to your attention again to make sure that its activities still meet with the approval and support of the associations that you represent and that have created and supported the MiFID Forum
With the European Commission’s announcements about MiFID and MiFIR on 20 October, and the availability of near-final draft s of this Directive and Regulation, there is renewed interest from the members of FISD, FIX Protocol Ltd and ISITC Europe in being able to get together and review the business, operational and IT impacts that MiFID and MiFIR will have on investment firms and the market as a whole. As before, this interest extends beyond the associations’ current members to the broader financial sector, not only across the EU/EEA but also globally.
There is now therefore a much stronger need to bring the MiFID Forum back to active life, and the nominees of the associations that created it and that have supported it are ready to get back to work leading the Subject Groups that do the actual work within the MiFID Forum.
Alan Jenkins, nominee of ISITC Europe as chair of the Transaction Reporting Subject Group, will be running the next meeting of this Group on 7 November, hosted by Goldman Sachs in London.
Tony Kirby, nominee of ISITC Europe as chair of the Best Execution and Transparency Subject Group, is planning the next meeting of this Group for mid-November.
As chair of the MiFID Forum, I am planning the next Plenary Meeting for 30 November, hosted by Omgeo in London.
In 2005 the associations created the MiFID Joint Working Group / MiFID Forum as a place where members of the associations could work together in a joined-up way on how to deal with MiFID.
The MiFID Forum is not an organisation in its own right – it is a joint forum of the supporting associations – FISD, FIX Protocol Ltd, ISITC Europe and TWIST.
One of the aims of the MiFID Forum was to provide an additional valuable activity for the associations’ members.
A further aim was to encourage more firms to become members of the associations once they could see this valuable work that the associations were carrying out and supporting.
I’m hoping that you all consider, on behalf of your associations, that you would like the MiFID Forum to continue as before.
But it’s always a good thing to check, rather than just assume!
Please could you let me know if you have any concerns about this, or would like to discuss any of this?
Best regards
Chris
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Chris Pickles
Head of Industry Initiatives
BT Global Banking & Financial Markets
