The Futures Industry Association (FIA), in co-operation with the Association for Financial Markets in Europe, the Alternative Investment Management Association and the Managed Funds Association have co-published a due diligence questionnaire for MiFID II investment firms providing direct electronic access (DEA) to their clients.
The purpose of the template due diligence questionnaire is to allow both the DEA provider and client utilise a standardised set of relevant/necessary checks. Whilst the template may allow DEA providers to use a common set of questions for their DEA clients, it is not intended to be uniform across all firms, and DEA providers may omit or add questions appropriate to the services that they provide, as well as any additional questions pertinent to local regulations.
View FIA due diligence questionnaire for MiFID II firms providing direct electronic access to clients, 11 September 2017