MiFID II has been described as the most far-reaching legislation ever to impact the financial sector. It takes the current MiFID legislation, designed to crack down on mis-selling of financial products and add transparency to high frequency trading, and updates it to be even sterner, clarifying grey areas, broadening its scope to potentially include IFAs and other smaller financial organisations, in an attempt to keep up with the pace of technological change within financial companies’ operating models. So while it comes as no surprise to many in the financial sector, the broader remit, wider reach, and a deadline for implementation of January 2018, stand to cause headaches across the industry and have left many questions unanswered.