MiFID II UK implementation roadmap
MiFID II UK implementation roadmap

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • MiFID II UK implementation roadmap
  • Introduction to the MiFID II UK implementation roadmap
  • Amendments to MiFID II
  • Transfer of DRSP powers to ESMA
  • Proposed changes to encourage SME Growth Markets
  • Changes to third-country regime and prudential requirements for investment firms
  • Title I: Scope and definitions
  • Title II: Authorisation and operating conditions for investment firms
  • Chapter I: Conditions and procedures for authorisation
  • Chapter II: Operating conditions for investment firms
  • More...

BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see Practice Note: The impact of Brexit on the MiFID II regime.

Introduction to the MiFID II UK implementation roadmap

The recast Markets in Financial Instruments Directive (2014/65/EU) (MiFID II) and new Markets in Financial Instruments Regulation (600/2014) (MiFIR) were published in the Official Journal of the European Union (EU) on 12 June 2014 and entered into force on 2 July 2014. MiFID II and MiFIR significantly amend and expand the regulatory framework that was established by the Markets in Financial Instruments Directive (2004/39/EC) (MiFID I). As amended, the majority of the new Directive and Regulation came into effect on 3 January 2018, and EU Member States had until 3 July 2017 to transpose the provisions of MiFID II into national law.

This document provides an article-by-article roadmap of MiFID II, with information on UK implementation for each article, including proposed and final changes to legislation and rules made by HM Treasury, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)

For more information on MiFID II, see Practice Notes: MiFID I, MiFID II and MiFIR—essentials and MiFID II and MiFIR—one minute guide.

For more information on the UK implementation of MiFID II, see Practice Note: UK implementation of

Popular documents