The FCA has published a new webpage on its Market Data Processor (MDP) system, which will help manage the large changes in the volumes and range of data that entities with an obligation to report any of the market data types need to submit to the regulator under MiFID II.
Entities that need to submit data should follow the FCA’s on-boarding process and timetable (both set out on the web page) in order to be ready for when the new regime applies in January 2018. The first step in the on-boarding process for entities starts in September 2016.
The current Zen system will be replaced by the MDP system.
View New webpage on the FCA’s market data processor system under MiFID II, 5 September 2016