About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FCA Issues Third Consultation Paper on MiFID II

Subscribe to our newsletter

The Financial Conduct Authority (FCA) has issued a third consultation paper on UK implementation of Markets in Financial Instruments II (MiFID II). The deadline for comments on the paper is January 4, 2017, just a year before the regulation takes effect.

The consultation paper – which you can access here – seeks views on proposed changes to the FCA handbook on MiFID II. It is split into two parts, the first covering conduct of business issues, and the second dealing with other matters that the FCA has not previously included in consultation papers.

Conduct of business issues that the FCA proposes to change or update in its handbook include inducements including adviser charging, inducements and research, client categorisation, disclosure requirements, suitability, appropriateness, dealing and managing, and investment research.

Other matters include product governance, knowledge and competence requirements, recording of telephone conversations and electronic communications, supervision, authorisation and approved persons, and guidance on scope changes in MiFID II, such as the inclusion of foreign exchange derivatives and commodity derivatives.

The paper notes which issues are expected to affect which type of financial firms and notes the impact of each issue on consumers.

The deadline for responses to the consultation paper is January 4, 2017, except for comments on supervision, authorisation and approved persons that must be submitted by October 31, 2016. The FCA will then consider feedback and publish a policy statement covering all aspects of its implementation of MiFID II in the first half of 2017.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

From Capture to Context: Transforming Voice Comms Compliance with Theta Lake

In today’s financial landscape, voice communications compliance extends beyond simple capture and retention – it demands contextual insight and integrated oversight across multiple platforms. Firms grapple with fragmented systems, complex cloud environments, and regulatory pressures that require a more holistic compliance strategy. In this video interview, Adrian Sharp, RegTech Insight Editor at A-Team Group, talks...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...