FCA preparing “MiFID 2 Guide” Instrument 2017
Published: 20 November 2017
The Financial Conduct Authority (FCA) has introduced a new Regulatory Guide - ‘The MiFID 2 Guide’ or ‘M2G’, using its powers under the UK Financial Services and Markets Act 2000.
The MiFID 2 Guide will become effective on 3 January 2018 and will be separate to the existing FCA Handbook. It covers, in particular: (i) the senior management arrangements, systems and controls obligations for MiFID UK investment firms, MiFID optional exemption firms and other firms, including portfolio management and authorised professional firms; and, (ii) implementation for trading venues and data reporting service providers.