Clifford Chance and Neota Develop MiFID II Toolkit
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Clifford Chance and Neota Logic have developed an automated client toolkit to help financial institutions assess and address the impact of MiFID II, which comes into force in January 2018 and is one of the most complex and wide-ranging pieces of legislation to come out of the European Union since the financial crisis of 2008.
Using Neota Logic’s sophisticated decision tree software, the Clifford Chance application allows firms to filter thousands of pages of regulation and legislation by their business type, clients and products, streamlining the review process and providing draft clauses for adoption in their documentation.
The toolkit is being offered to Clifford Chance clients for a fixed up-front fee, allowing them to access complex legal advice at a fraction of the price of individual analysis.
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