FCA CP 16/29 MiFID II Consultation Paper III

Of particular relevance is section 14 – Knowledge and Competence requirements – which examines the impact these will have on competence management and T&C frameworks, for both retail and wholesale firms.

The CP contains a key message post “Brexit” that “…firms must continue to abide by their obligations under UK law, including those derived from EU law and continue with implementation plans for MiFID II and other pieces of EU financial services legislation that are due to come into effect in the UK.”

View the Consultation Paper here.