Recent falls in financial markets have led to some client portfolios losing value. Some portfolios have fallen by over 10% which triggers the MiFID II requirement to notify investors of the losses sustained.
For example, a firm which provides a discretionary management service (DFM) is required to inform a client where the overall value of their portfolio, as evaluated at the beginning of each reporting period, depreciates by 10%, and further multiples of 10%. This must be done no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day, the close of the next business day.
Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.
As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.
To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.