The City of London Law Society (CLLS) has published its response to FCA Consultation Paper 16/43: MiFID II implementation – Consultation Paper IV (CP16/43). The CLLS concerns relate to chapters 2 (specialist regimes) and 3 (tied agents) of CP16/43. In its response the CLLS set out several concerns about the FCA’s proposals in relation to energy market participants, oil market participants and firms conducting other non-MiFID commodity (and exotic) derivatives business. The CLLS’ concerns centre on the issue of taping. The CLLS also raises certain concerns regarding tied agents, in particular the risk of mismatch in the timing of implementation of MiFID II in different Member States.
View CLLS responds to FCA’s fourth consultation on implementation of MiFID II, 19 May 2017