We are consulting on our fourth set of implementation proposals for MiFID II and seeking views on our proposed changes to the FCA Handbook.
This consultation deals with a series of broadly technical Handbook changes that were not covered in our previous MiFID II consultations. These relate to a number of areas including specialist conduct of business regimes, tied agents and SME growth markets.
We are also proposing some guidance on transaction reporting, including trading venues’ use of Approved Reporting Mechanisms (ARMs), and proposing a transitional rule for fees relating to draft applications for authorisation in MiFID II.
Who this applies to
This consultation affects a wide range of firms that we authorise and recognise (as well as unregulated entities trading commodity derivatives), particularly:
- investment firms
- tied agents
- recognised investment exchanges
- prospective Data Reporting Service Providers
- trustee firms
- energy and oil market participants
- firms conducting corporate finance business or stocklending activities
- alternative investment fund managers and undertakings for collective investments in transferable securities management companies
- occupational pension scheme firms
- firms conducting Lloyd’s market activities
- investment companies with variable capital
- UCITS and AIFM qualifiers
- service companies
- authorised professional firms (APFs)
What you need to do
This consultation has now closed.
Following consideration of your feedback, we anticipate publishing two policy statements. We aim to publish the first policy statement in March 2017, that will mainly cover matters consulted on in CP15/43. The second policy statement, which we aim to publish in June 2017, will cover all other issues on which we have consulted.