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FIA files response to FCA Consultation Paper on MiFID II implementation

FIA files response to FCA Consultation Paper on MiFID II implementation

9 November 2016 10:15am EST

On 28 October, FIA filed its response to FCA Consultation Paper 16/19 on MiFID II implementation in the UK. Among various recommendations, we:

  • proposed amendments to the definition of “commodity derivatives”;
  • supported the comments of GFMA’s Commodities Working Group relating to the timing of compliance with commodity position limits and to the position reporting regime;
  • requested further clarification with respect to certain transitional provisions; and
  • proposed some drafting amendments to CASS 6.3.6A1(c), 7.11.59 and 7.11.60.

 

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