The Mifid II European directive is set to be implemented on January 3 2018
The long-awaited details on which
companies will be deemed "investment firms" under Mifid II
could be released by the end of 2016, drawing a line under
uncertainty over their scope, according to the leading futures
trade body's principle trader's unit.
"I expect there to be greater clarity on
regulators’ interpretation of the authorisation
scope by year-end," Piebe Teeboom, secretary general of Futures
Industry Association - European Principal Traders Association
(Epta), told FOW.
"The Financial Conduct Authority has
indicated they are looking to organise workshops with firms in
the autumn, in advance of the start of the authorisation
process in early 2017," he added.
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