The FCA has updated its webpage on applications and notifications under MiFID II.

The FCA states that since publishing the Application and notification user guide it has provided further updates regarding notifications. In particular in relation to general clearing members the web page states:

“In paragraph 3.42 and Table 1 in the guide, it says that firms are required to notify us if they want to act as a general clearing member. MiFID II does not explicitly require this and so, after further consideration, we will not require firms to inform us if they act as a general clearing member.”

View FCA updates webpage on MiFID II applications and notifications, 9 August 2017