Are we talking about the first version of MiFID?

Are we talking about the first version of MiFID?

make those sentences clear

I’m unclear with the following sentences:

“Due to arising cases of budgeting towards MiFID, the European Commission chooses to review MiFID.” –> Are we talking about the first version of MiFID? Can we reformulate this one?

“By using pragmatic approaches and proper resourcing, the private banks should be able to grow” –> This is the sine qua non condition to continue to grow or maintain growth?

“What’s more, planning, compliance obligations, and revenue will increase the cost” –> How can the revenue increase the cost?

“to optimize their operating models” –> Do we mean “business models” instead?

“Due to some countries leaning towards it” –> Why some countries choose to lean towards MiFID II?

“Private banks are encouraged to regulate their complexity through cost-cutting, shifting to digital and better-tailored strategies. Transformation, in this case, may not be the only tactic available as private banks could also use tactical optimization.” –> I don’t understand the second part of this sentence

“MiFID II entered the market in 2007” –> It’s MiFID I that entered the market at this date, MiFID II will enter in force as from January 2018.

“heed of the retrocessions ban” –> What are these retrocessions, how it used to work before MiFID II will be implemented?

Answer preview are we talking about the first version of MiFID?

Are we talking about the first version of MiFID

APA

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