FCA Requests Comments On Proposed Changes To Handbook For Mifid II Implementation

In a Consultation Paper CP16/19 published in July 2016, the Financial Conduct Authority of the UK (the "FCA") requested comments on proposed changes to its Handbook to implement the Markets in Financial Instruments Directive ("MiFID") II, which becomes effective on January 3, 2018. The FCA noted that it will keep the proposals under review while it assesses whether any amendments will be required due to changes in the UK's regulatory framework resulting from negotiations following the UK's vote to leave the EU. The FCA reminded market participants in its recent statement that they must continue to abide by their obligations under UK law, including those derived from EU law, and continue with implementation plans for legislation that is still to come into effect.