This issue of FS Insights, a quarterly newsletter from Protiviti, addresses the effectiveness of SOX compliance programs. Companies that focus on increasing quality, compressing time and reducing processing costs will find that they have a more sustainable internal control structure and a more cost-effective compliance process. If you have you been spending so much time on SOX that you’ve been unable to focus on other regulatory initiatives, then you may have been ignoring the subject of the second issue covered in this newsletter: The Market in Financial Instruments Directive (MiFID).