UK based firms should review the recently published HM Treasury and FCA papers regarding the implementation details for MiFID II and MiFIR. Nonetheless, there will remain a considerable amount of work to be done much closer to the implementation date of 3 January 2017 given the expected publication dates of the critical final Level 2 implementing measures.
We set out an overview of the implementation of MiFID II and proposed UK plans in our Briefing Paper of July 2014. This Briefing Paper provides an updated timeline, and highlights some points of interest contained within the recently published UK documents.
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