MiFID

[bobhope]

Looks like another gravy train. Toot toot!

[AtW]

Looks like someone guessed Chico's password - it must have been this: joshua

[Chico]

Yes, I've actually tried to spark a discussion on this a week or so ago.

It is a con trick to put UK financial services at a disadvantage to EU competitors. My calculations show that a 5 man IFA team will be better off by £200,000 a year in regulatory costs alone by being based in Denmark as compared to the UK. And the tax advantages to the IFAs themselves totally swung it.

Which is why Threaded Financial Services is moving to Scandinavia.

HTH

Not sure your 5 man IFA setup themselves would be directly impacted by MiFID. Its the Investment banks, trading houses etc who will bear the brunt of it.

[Forumbore]

Which is why Threaded Financial Services is moving to Scandinavia.

HTH

You'll be competing with Romanians then?

[threaded]

Anyone working on MiFID? If so how long have you been engaged on it?

Yes, I've actually tried to spark a discussion on this a week or so ago.

It is a con trick to put UK financial services at a disadvantage to EU competitors. My calculations show that a 5 man IFA team will be better off by £200,000 a year in regulatory costs alone by being based in Denmark as compared to the UK. And the tax advantages to the IFAs themselves totally swung it.

Which is why Threaded Financial Services is moving to Scandinavia.

HTH

[TheOmegaMan]

Looks like Euroballs Cheeky. Can't you ask him upstairs for some leads ?

[Chico]

Anyone working on MiFID? If so how long have you been engaged on it?