Eurobase International Group has partnered with FMR Advisory to support its focus on providing consultancy and software solutions to financial organisations affected by the pending Markets in Financial Instruments Directive (MiFID) II.
Eurobase has targeted its recent product investment at providing a universal solution to meet the regulatory demands brought about by MiFID II.
During this period of investment, Eurobase engaged with FMR Advisory to independently verify its interpretation of the MiFID II requirements and solution offering.
The engagement is now being extended into a relationship in order to offer clients advice as part of its consultancy and solutions.
MiFID is currently being revised to improve the functioning of financial markets. MiFID II is expected to come into force in January 2018.
Joe Locke, CEO of Eurobase’s banking and insurance solutions, said: “MiFID II is going to have a profound effect on the industry and companies need to start planning now for the changes ahead of the pending finalisation of the EU legislation.”
“Having engaged FMR Advisory to verify our interpretation of the legislation and solution, we are pleased to extend this and be able to offer FMR Advisory’s strategic advice as part of our own service offering.”
Robin Poynder, director at FMR Advisory, added: “Preparing for the introduction of MiFID is a far-reaching set of work for all financial companies operating in the EU. The delay to 2018 simply gives everyone a little breathing space and should not suggest easing off any efforts.”
“We are looking forward to extending our relationship with Eurobase and its clients as they plan and implement their strategies around MiFID.”
