Brokers, Proprietary Traders Facing New Regulatory Obligations Under MiFID II

[kreslik.news]

The long-awaited MiFID II implementation deadline is steadily approaching. Ahead of January 3, 2018, the UK’s Financial Conduct Authority (FCA) has issued its latest update, highlighting the need for proprietary traders and those providing them with market access to possibly require authorization under MiFID II.

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With less than four months until MiFID II comes into effect, a number of firms that are already authorized may require a further round of authorizations. More specifically, this may include Variation of Permission (VoP) to carry ... (read more)