On 3 July 2017, the Financial Conduct Authority ("FCA") published a sixth consultation paper ("CP 17/18") on its implementation of the Markets in Financial Instruments Directive II ("MiFID II"), covering small amendments to the FCA handbook ("FCA Handbook").
The consultation applies, in particular, to banks, investment firms, recognised investment exchanges ("RIEs"), multilateral trading facilities ("MTFs"), organised trading facilities ("OTFs") and commercial firms trading financial and commodity derivatives.
The FCA proposes the following changes:
- to bring RIEs, operating MTFs and OTFs into the scope of the Financial Services Compensation Scheme cover;
- to amend the proposed Decision Procedures and Penalties Manual and Enforcement Guide as described in CP 17/18;
- to make technical changes to the Prospectus Rules and Glossary.
The consultation closed on 7 September 2017. The FCA aims to finalise the necessary rule changes by November 2017.
The full consultation paper can be accessed here:
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