Hi all,
I am a new subscriber to 3x UIS from the UK. Due to MiFiD II coming into force in the EU on 3rd January 2018, SPXL and TMF (as well as ZIV) cannot be purchased by UK-based self-administered pension funds as they are not yet MiFiD II compliant.
Direxion are aware of this and anticipate compliance in the next 3-6 months.
Have any other EU subcribers experienced this issue?
Are there any other EU/MiFiD II approved ETFs that anyone is using that might be suitable substitutes for SPXL, TMF and ZIV?
Thanks