Navigating EU’s MiFID II with TPRM Strategies | UpGuard

This article summarizes the Markets in Financial Instruments Directive II (MiFID II), its expanded scope, key requirements (transparency, investor protection, algorithmic trading controls, reporting, record-keeping), affected entities, and potential penalties for non‑compliance. It then advocates Third‑Party Risk Management (TPRM) as a practical approach to meeting MiFID II obligations—covering vendor assessment, contract management, risk assessments, audits, and incident reporting—and describes UpGuard Vendor Risk features (questionnaire templates, automated scoring, continuous monitoring, centralized vendor data, and reporting) as tools to streamline compliance and vendor oversight.