Differences between FIDLEG and MiFID II and their space for discretion
While the European legislation MiFID II is strongly rule-based and therefore very comprehensive and formalised, FIDLEG follows the Swiss tradition of principle-based legislation and offers considerable flexibility. However, both sets of rules are open to interpretation in certain respects and leave room for discretion. It is therefore good to know how other banks use them. Have you already tackled this challenge for your wealth advisory process? Are your systems and processes set up in compliance with the law?
Our dedicated MiFID II / FIDLEG team will be happy to assist you with efficient implementation in Avaloq. We have the necessary expertise and experience.