Showcase: MiFID GAP assessment

July 13, 2015

MiFID tool

The European Commission adopted new legislation that will overhaul the Markets in Financial Instruments Directive (MiFID). It seeks to address rapid changes in both market structure and technology that could affect the smooth and efficient functioning of EU financial markets.

Revising MiFID is an essential part of ongoing structural reforms in the aftermath of the financial crisis. These reforms are aimed at establishing a safer, sounder, more transparent, and more responsible financial system that works for the economy and society as a whole.

Investment firms and banks providing investment services must comply with MiFID II and MiFIR as of January 2017.

The GAP assessment tool developed by Berkeley Bridge and Totti Finance allows you to keep track of the latest changes in the legislation and the impact of these changes on your organization. The Berkeley Bridge GAP assessment tool is an online knowledge-based tool that uses decision trees to simplify the process of assessing legal requirements.

By using this tool you are able to limit your efforts to those sections of the legislation that are relevant to your organization and disregard the sections that do not apply.

Note: For more information, please contact us via info@berkeleybridge.nl

Key features of the Berkeley Bridge GAP assessment tool for MiFID II and MiFIR:

  • Translation of complex legal text into understandable and clear Business rules.
  • Pre-defined control questions to determine which Business rules are applicable to your organisation.
  • In-line help available on definitions and more detailed background information.
  • Excellent support for identifying and describing GAP’s and definition of measures.
  • Collection of evidence on compliancy statements.
  • Context sensitive Feedback module to allow users to submit questions to a MiFID expert team (internal compliance or experts at Berkeley Bridge).
  • Extensive reporting functionality and audit trail.

Key benefits of using this tool:

  • Shorter turnaround for implementing MiFID II and MiFIR.
  • Lower costs by re-using the pre-defined control questions and Business rules.
  • Higher quality GAP assessment through expert guidance and enforcing completeness and consistency.
  • Re-usable compliance monitor tool (yearly review).
  • Easy, uncomplicated implementation.

Note: For more information, please contact us via info@berkeleybridge.nl

For more information or a demo, contact us via phone or email:
phone: +31 172 51 51 46
email: info@berkeleybridge.nl

Model Uploaded by Last Upload View Online
MiFID tool Totti Finances 14-07-2015 View online