August 21, 2017

August 18, 2017

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FCA Publishes Fifth Consultation on UK Implementation of MiFID II

On March 31, the Financial Conduct Authority (FCA) published its fifth consultation paper (CP17/8) on the implementation of the revised Markets in Financial Instruments Directive (MiFID II).

CP17/8 covers the following three areas:

  • occupational pension scheme (OPS) firms;
  • the decision procedure and penalties manual and enforcement guide; and
  • consequential changes to the FCA Handbook and reporting financial instrument reference data and positions in commodity derivatives.

The deadline for comments on the proposals relating to OPS firms is June 23. The FCA requests comments on its other proposals by May 12.

CP17/8 is available here.

©2017 Katten Muchin Rosenman LLP


About this Author

Neil Robson, private equity fund managers counselor, Katten Law Firm, London

Neil Robson, a regulatory and compliance partner with Katten Muchin Rosenman LLP, focuses his practice on counseling hedge and private equity fund managers and other investment advisers on operational, regulatory and compliance issues. He regularly addresses Financial Conduct Authority (FCA) and EU authorization and compliance under both the EU Alternative Investment Fund Managers Directive (AIFM Directive) and MiFID, cross-border issues in the financial services sector, market abuse, anti-money laundering and regulatory capital requirements, formations and buyouts of...