Today the FCA released its third of its consultation papers on how MiFID II will be implmented in the UK.
This is the installment we have been waiting for as it includes most of the detail about how the day to day operations of UK firms could be impacted by these new standards.
The paper, CP 16/29, focusses on conduct of business obligations. Key areas of interest include:
We'll be looking at all the proposals in depth and submitting a response to the FCA to highlight any areas where their proposed implementation of MiFID II might caused difficulty for UK firms.
Although we think this is the most significant FCA consultation on MiFID II, to get the full picture you will want to be aware of the others also.
The third paper was meant to be the final instalment but the FCA but a fourth paper has been announced. We're expecting this at the end of the year.
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