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IFA trade body launches regulatory database

IFA trade body launches regulatory database

The European Federation of Financial Intermediaries and Financial Advisers, or Fecif, has built a database which looks to keep advisers updated on European regulation.

Launched today (20 September), the EU Regulatory Database and Document Library helps Fecif members obtain the latest information and documents on EU legislation, regulation and directives.

The information is grouped into seven main categories, such as investment, insurance and pensions, which are then further separated into more specific sub-categories, such as MiFID and Priips, to help advisers access the information they want quickly.

There is also a database-wide search feature where information can be found by typing in relevant key words.

Johannes Muschik, Fecif’s chairman, said this will save advisers a huge amount of cost, both in terms of time and legal bills.

Members can access any documents using a personalised login, and any associated additional information can also be sourced from links within the articles.

Paul Stanfield, Fecif secretary general, said it has taken considerable work over many months to put the new digital offering together.

“Our goal was to create a knowledge tool to help our members stay on top of all developments and be able to access pertinent information and documents in an easy, cost-efficient and time-effective manner.”

Members can also return to recently downloaded items, popular documents, or use the archive feature.

Mr Stanfield said the service, which is updated regularly, will be a valuable resource for members and national trade bodies.

All documents can be rated by the user, and comments can also be posted.

The database can found at www.fecif-db.eu and is exclusive to Fecif members.

katherine.denham@ft.com