The last few months of 2017 were busy for firms that were
working hard on MiFID II, therefore this edition is a round-up of
regulatory news issued by the FCA and ESMA for the last quarter of
2017.
We hope that 2018 and the transition to the new MiFID II world
has been a smooth one for our readers.
Now MiFID II is here, we can look forward to the next European
Directive coming our way and the next big project for firms to
grapple with. In the two decades since the UK Data Protection Act
1998 was implemented, technology has developed and systematic
personal data processing has increased significantly. In addition,
because the Act was a Directive, interpretation by Member states
was open to discretion and led to inconsistencies. The General Data
Protection Regulation (GDPR) will apply from 25 May 2018, in under
four months' time, and will supersede the Data Protection Act.
It is a directly binding Regulation and is therefore not open to
discretion by Member States.
