As a juggernaut-sized piece of regulation, just the words Mifid II had many in the industry quaking with anxiety over the sea change that was going to hit the industry, in early 2018. Seven years in the making with a text containing 1.7 million paragraphs, it has touched every part of the financial services sector.

If that was not enough to cause the palms of advisers, asset managers and providers up and down the country to sweat, new data laws from Europe also arrived on UK shores in May this year, changing the way customer data is to be handled by every business in the country, not just those in financial services.

Mifid II and the General Data Protection Regulation (GDPR) are just two in a large basket of regulatory reforms to affect the advisory sector.

In this guide, read about what advisers need to know about Mifid II and GDPR, some actions advisers can take to ease the impact of the rules and other regulatory changes that are on the horizon.

This guide is worth an indicative 60 minutes of CPD.

The following are contributors to this guide: Rob Walton, chief operating officer at intelliflo; Guy Vanner, managing director at AKG; David Varney, lawyer at Burges Salmon; Gareth Malna, lawyer at Burges Salmon; Umar Mohamad, consultant at Bovill; Maurice McDonald, consultant at Bovill; Richard Nuttall, head of compliance policy at SimplyBiz; Elizabeth Budd, partner at Pinsent Masons; Tobin Ashby, partner at Pinsent Masons; Chris Egbunike, managing consultant at Bovill; Keith Maner, head of compliance at Thistle Initiatives; Financial Conduct Authority.

Ima Jackson.Obot is a features writer for FTAdviser and Financial Adviser