The legislation in question is MiFID (Markets in Financial Instruments Directive) which is due to come into force fully by the end of 2007.
KPMG Channel Islands is organising seminars in Jersey and Guernsey during June to examine the impact of the directive in the local context.
MiFID will replace the EU Investment Services Directive which currently governs intermediaries and financial markets.
The new law will extend the current regime and introduce more extensive regulatory requirements.
