The FCA has published a statement relating to the applications it has received under Article 54(2) of MiFIR from the trading venues ICE Futures Europe and the London Metal Exchange (LME). Having taken into account the risks resulting from the application of the access right under Article 36 of MiFIR as regards exchange-traded derivatives to the orderly functioning of the trading venues, the FCA has decided to agree a transitional arrangement for those entities. The FCA states that with effect from 3 January 2018, ICE Futures Europe and the LME will not be considered to open access requests made under Article 36 of MiFIR insofar they relate to exchange-traded derivatives, until the expiry of the transitional period on 3 July 2020.

View FCA statement on transitional arrangements for trading venues under MiFIR Article 54(2), 3 January 2018