Menu
MiFID II

The FCA has publishished a Consultation Paper regarding potential changes to its Handbook to accommodate Markets in Financial Instruments Directive II (MiFID II), with a view to publishing a Policy Statement mid-2016.

MiFID II will affect firms to varying degrees depending on the service they provide.

If you have not already done so we recommend that senior management familiarise themselves with the ‘MiFID II – what is changing’ section of the FCA website that can be accessed here and the recent consulation paper here.

Don’t forget to check Our View about this article and the Actions Required By You

MiFID II

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

Firms should have an awareness of the changes, regardless of how little they are affected.

Action Required By You

  • Senior Management should be aware of the potential impact on their firm;
  • Monitor FCA news, particularly feedback to the Consultation Paper and the forthcoming Policy Statement. 
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

An elderly man using his mobile phone while holding a credit card

Thematic review of retirement income advice

Compliance , , , , , , ,

The FCA has announced that it will shortly be undertaking a thematic review to assess the advice consumers are receiving on meeting their income needs in retirement.   Why? Previously planned work on this topic (known as ‘Assessing Suitability Review 2’) was paused as a reaction to Covid but the Regulator believes that it is […]

Read More
Copyright © 2023 FCA

FCA Consultation Paper 23/3: Financial Services Compensation Scheme – Management Expenses Levy Limit (Issued January 2023)

Compliance , , , , , ,

This Consultation Paper is relevant to all FCA and PRA authorised firms and sets out the FCA and PRA proposals for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2023/24.   The FSCS is a fund of last resort to provide compensation for consumers when financial services firms fail. […]

Read More
Copyright © 2023 FCA

Financial Resilience Survey

Compliance , , , , , , , ,

The FCA have advised as follows:     “We’re asking a number of firms to complete this survey to help us understand how the current financial climate is impacting FCA solo-regulated firms.  We’re planning to send this survey to the relevant firms in Tranche 1, on one of the following dates:  Batch 1: to be […]

Read More
https---s3-eu-west-1.amazonaws.com-fta-ez-prod-ez-images-5-2-0-7-1217025-1-eng-GB-FCA2.JPG?v1

FCA Consultation Paper CP23/1 – Insurance guidance for the support of customers in financial difficulty

Compliance ,

This consultation primarily affects insurers and insurance intermediaries.     In November 2020, the FCA introduced finalised guidance for insurance and premium finance firms to support customers in financial difficulty due to the coronavirus pandemic.  It is now consulting on replacing the insurance aspects of the Covid guidance with guidance extended to apply to all […]

Read More
2FA lock

FCA announce delay to multi-factor authentication

Compliance , ,

We wrote a few weeks ago about incoming changes to how firms access their FCA systems to upgrade data protection. You can read that article here.   The new system will replace the current 6-digit passcode with the user needing to log in using a One Time Passcode (OTP). The implementation date of 20th January […]

Read More
Load More