Hi
Daft as this may seem, why can't all financiail institutions such as banks, investment houses, stock brokers etc all have one online submission site where we can fill in our details & send it to any insititions we wish .. rather than each send us out lots of paperwork to complete & return ?
To ensure data is protected between competiting institutions, I'm sure an indepedent 3rd party could be set up to provide this service ... I'm sure many of us would even pay a small fee, to save us the time & hastle of having to submit these details time & time again.
If only Carlsberg did "MiFID"
Daft as this may seem, why can't all financiail institutions such as banks, investment houses, stock brokers etc all have one online submission site where we can fill in our details & send it to any insititions we wish .. rather than each send us out lots of paperwork to complete & return ?
To ensure data is protected between competiting institutions, I'm sure an indepedent 3rd party could be set up to provide this service ... I'm sure many of us would even pay a small fee, to save us the time & hastle of having to submit these details time & time again.
If only Carlsberg did "MiFID"
MiFID stands for Markets in Financial Instruments Directive.