Solving your MiFID II RPA challenges

With less than two months to go and the final publication on MiFID II from the FCA, there is even greater emphasis on solving the issues for research valuation, utilization, budgeting, separation, processing and payments. However, there is no single market consensus on the precise model for this significant change - firms are looking at a range of options from direct payment to continuing to use commission sharing agreements with a Research Payment Account umbrella. We are working with firms to implement the material system and/or process change needed to support the new requirements - a significant challenge given the other changes that need to happen in parallel in the time available.

Fortunately help is at hand to address this challenge. MPI work with partner Castine, a leading financial services software developer, to provide a powerful combined solution for investment managers and brokers which meets the complex regulatory requirements of MiFID II. The RPA Centre product has been developed in collaboration with the world’s leading asset managers and investment banks to address the complex requirements of MiFID II for the payment of investment research. It provides full lifecycle support for any or all of CSA, RPA or hard dollar models, extensive parameter driven processing and the most granular level of transaction capture to support these requirements. It has also been built in a flexible and modular way so as to minimise change to your existing business processes – e.g. payments - whilst providing an overall framework to meet the new requirements.

Together we can help you move onto more detailed design and implementation of the new operating model. So it is not surprising that we have received positive feedback from all firms who have seen the product so far. To find out more please fill in your email details below, add any specifics as a comment and then press the Request button. We will then be in touch to help you address your MiFID research challenge:

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