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.
This consultation affects a wide range of firms that we authorise and recognise (as well as unregulated entities trading commodity derivatives), particularly:
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.