MiFID II

29 December 2015 Steve BaileyCompliance

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

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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.