>>> FCA publishes near final rules on MiFID II and encourages firms to submit ap

FCA publishes near final rules on MiFID II and encourages firms to submit applications for MiFID II authorisation 
Published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include changes to the trading of financial instruments including issues affecting trading venues, transparency of trading and algorithmic and high frequency trading.

The near final rules cover:
  • the new category of firms - data reporting services providers
  • position limits and reporting for commodity derivatives
  • systems and controls requirements for firms providing MiFID investment services
In June, the FCA plans to finalise the MiFID II rules in a further policy statement. This will cover remaining issues which include conduct of business, perimeter guidance, and client asset protections.