Keeping up to date

News and Articles - Post MiFID Focus and Actions

Date: February 2008

Now Lets focus again

Since November 2007, many UK firms have been complying with MiFID but the regulation will be creating more waves in 2008 as the Financial Services Authority turns its attention to firms outside the directives scope.

The Markets in Financial Instruments Directive (MiFID) came into force in the UK on 1 November 2007, but it is continuing to generate considerable interest and activity. The FSA's focus has now turned on firms outside the directive's scope. These firms face further MiFID-related regulatory developments, above all the proposed extension of the 'common platform' rules.

Meanwhile, UK firms caught by MiFID are already preparing to be assessed in their first year of MiFID compliance. The delay in implementing MiFID across the European Economic Area (EEA) may also cause problems for firms who have investment activities outside the UK.

Please click here for more Information