How will GDPR (Global Data Protection Regulation) requirements marry with the transparency and reporting requirements of MiFID ii?

October 12, 2017

It is possible that there will be conflicts between information restrictions from GDPR and reporting requirements under MiFIR.  However, as the respective aims of the two regulations are not at odds (data protection for EEA residents and disclosure of derivative information to national regulators), any conflict should be capable of being resolved. The focus now needs to be on the MiFIR regulatory changes which come into effect first and then assessing whether requirements under the GDPR to be implemented on 25 May 2018 will change regulatory reporting.