Lawton said firms must start their preparation for the 2017 deadline now
The UK’s Financial Conduct Authority (FCA) has
said failure to comply with upcoming European regulation on
derivatives will not be accepted, arguing firms must begin
preparing as soon as possible.
The provisions set out in the revised Markets in Financial
Instruments Directive (Mifid II) include new definitions on
trading venues, position limits on commodity derivatives and
rules on best execution and high frequency trading (HFT).
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