Moventum IN becomes the first investment firm authorized under the MIFID II Regime
BBH advised Moventum a.s., a member of a major Luxembourg based fund distribution group, in its investment firm authorisation application.
This case represents the first such investment firm licence being granted under the highly demanding regime established under MiFID II directive in the Czech Republic. This licence enables the Moventum group to further develop its activities and provide its full range of services in the Czech Republic.
Prague-based Regulatory and Banking & Finance BBH Partner Tomáš Sedláček said: “We are proud to have advised a member of this leading European fund distribution group throughout the authorisation process to bring it to a successful completion. We assisted our client in the course of rigorous prerequisite reviews and demanding compliance checks and demonstrated our abilities in achieving compliance with the highest level regulatory standards under MiFID II.”
The BBH regulatory team assisting Moventum in this achievement was led by Partner Tomáš Sedláček with Zdeněk Husták, Head of Regulation & Compliance, Jan Kadrnožka and Martin Procházka and the support of other BBH lawyers.