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MiFID II Implementation: Latest Roundtable
16th September 2016
Latest MiFID II Roundtable
Last month the on 3 August 2016, the Financial Conduct Authority held another Trade Association roundtable in relation to the revised Markets in Financial Instruments Directive (MiFID II).
Since then, the FCA has now published the minutes from the MiFID Roundtable upon their website.
As can be seen from the minutes, a number of topics were discussed, including implementing measures for MiFID II, ESMA Level 3 guidance as well as UK implementation.
At present there is still an open FCA Consultation related to the Implementation of MiFID II, with comments due to the regulator from any industry participant due at the end of next month by 28th October 2016.
The Consultation Paper (CP16/19), published on 29th July 2016, seeks for industry views upon the FCA’s proposed changes to the FCA Handbook in light of MiFID II due to be implemented across Europe on 3rd January 2018.
CP16/19 is the second MiFID II Implementation Consultation the FCA have published and the publication of a third FCA Consultation Paper is anticipated which will likely include changes to the regulator’s Conduct of Business sourcebook (COBS), material on product governance and some further changes to the Perimeter Guidance Manual (PERG).
If your firm is currently reviewing how MiFID II will impact your business and require support or assistance in planning for MiFID II implementation, please contact our experienced regulatory & compliance support team, who would be happy to help.
MiFID II will now be implemented in Europe in 2018 not 2017 following an extension by the European Commission.
Please contact our Compliance Support Team for a free no obligation discussion of your regulatory requirements and how our regulatory & compliance consultants can help your business move forward compliantly.
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