Tag Archives: MiFID II
FCA Regulation round – up for August
This month’s edition of Regulation round-up discusses: the consultation to extend SM&CR to all financial services firms; the Threshold Conditions Team taking enforcement action and cancelling the authorisations of 207 firms; FCA’s agenda and priorities for consumer credit; contingency planning for firms that do not have their MIFID II permissions in place by 3 January […]
FCA updates guidance to firms on applications and notifications under MiFID II
The FCA has updated its user guide to provide the following notifications: Ancillary activity exemptions Under MiFID II, firms who trade in commodity derivatives may be able to make use of an exemption from authorisation. Firm will need to notify the FCA if they intend to rely on the exemption by completing a notification form. […]
FCA reminds firms that recommended MiFID II authorisation and VOP application date has passed
In an announcement today, the FCA is reminding firms that need to submit applications, do so without further delay. FCA will determine complete applications received after 3 July 2017 within 6 months, but cannot guarantee to do so by 3 January 2018 (the date for required compliance with MiFID II). Such firms will therefore also need to have […]
EC publishes draft Delegated Regulation on insurance-based investement product requirements under IDD
EC has published for consultation a draft Delegated Regulation supplementing the IDD concerning information requirements and conduct of business rules applicable to the distribution of insurance-based investment products. The IDD contains a specific chapter, with additional conduct of business requirements, on the sale of insurance-based investment products. The Delegated Regulation, which is based on previous technical advice […]
FCA Regulation Round-Up for July
The FCA published its July edition of Regulation Round-Up this week. Highlights of some of the “hot topics” covered include: interim report of the FCA’s Retirement Outcomes Review; the publication of the final report on its asset management market study; the publication of the MiFID II policy statement and consultation paper VI; first undertaking received under […]
FCA launches Market data processor (MDP) entity portal webpage
FCA uses the webpage to explain the purpose of the MDP. MiFID II involves large changes in the volumes and range of data that certain entities need to submit to the FCA. As a result, the FCA has developed a new MDP system to help to manage this. The MDP entity portal is a web application […]
