We are consulting on our fifth set of implementation proposals for MiFID II and seeking views on the proposed changes to the FCA Handbook.
This consultation deals with changes to our decision procedure and penalties manual and the enforcement guide. It also sets out our proposals for new conduct rules dealing with the non-MiFID business of occupational pension scheme firms.
This consultation will also cover consequential and miscellaneous changes to the FCA Handbook and new guidance on the use of third parties where firms are required to send us financial instrument reference data or commodity derivative position reports.
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
- recognised investment exchanges
- multilateral trading facilities
- prospective data reporting service providers
- occupational pension scheme firms
What you need to do
This consultation has now closed.
Following consideration of your feedback, we will set out our proposed approach to the final rules for chapters 3 and 4 in our second policy statement that will be published in June 2017. We will publish rules on the issues in chapter 2 separately.