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MiFID II

FCA Markets in Financial Instruments Directive II (MiFID II)

The implementation of MiFID II reclassifies local authorities and public authorities as retail investors from 3 January 2018.

West Yorkshire Pension Fund, as a local authority pension scheme, has elected to retain professional status to ensure it can access the full range of vehicles to meet the needs of its investment strategy www.wypf.org.uk/iss