Silverfinch and ICE team up on data solution
21 December 2017 London
Image: Shutterstock
Silverfinch has agreed to provide ICE Data Services’s clients with data on the second Markets in Financial Instruments Directive (MiFID II) and Packaged Retail and Insurance-based Investment Products (PRIIPs) regulations.
The agreement will provide a framework for customers to implement MiFID II and PRIIPs solutions for ICE’s network of clients.
The framework includes MiFID II product governance, costs and charges structures and PRIIPS key information document (KID) data.
It also allows distributors to send key MiFID II sales data back to asset managers in compliance with product governance requirements.
Part of EU legislation, MiFID II regulates firms that provide any services to clients linked to financial instruments and venues where these instruments are traded, while PRIIPS regulation requires financial institutions to provide retail investors with a KID when selling or advising on a range of investment products.
John Dowdall, managing director of Silverfinch, said: "Working to solve the regulatory challenges for the financial community has always been at the heart of the Silverfinch data exchange and we remain committed to working with our customers to provide the most effective solutions for meeting their regulatory requirements.”
“We are excited to be working with ICE to help financial companies securely and seamlessly get regulatory data where and whenever it’s needed.”
The agreement will provide a framework for customers to implement MiFID II and PRIIPs solutions for ICE’s network of clients.
The framework includes MiFID II product governance, costs and charges structures and PRIIPS key information document (KID) data.
It also allows distributors to send key MiFID II sales data back to asset managers in compliance with product governance requirements.
Part of EU legislation, MiFID II regulates firms that provide any services to clients linked to financial instruments and venues where these instruments are traded, while PRIIPS regulation requires financial institutions to provide retail investors with a KID when selling or advising on a range of investment products.
John Dowdall, managing director of Silverfinch, said: "Working to solve the regulatory challenges for the financial community has always been at the heart of the Silverfinch data exchange and we remain committed to working with our customers to provide the most effective solutions for meeting their regulatory requirements.”
“We are excited to be working with ICE to help financial companies securely and seamlessly get regulatory data where and whenever it’s needed.”
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