Regulation

The Financial Services Authority is proposing to replace its training and competence 'commitments' with an overarching 'competent employees' requirement - contained in MiFID - and apply it to all authorised firms.

The Financial Services Authority has proposed to modify the client categorisation requirements of MiFID to allow greater flexibility for out of scope firms.

The FSA has confirmed packaged products and IFA businesses not officially covered by the Markets in Financial Instruments Directive will fall under its new Conduct of Business rules.

The Financial Services Authority's intention to apply the Markets in Financial Instruments Directive suitability requirements to non-MiFID firms is "unhelpful" for IFAs, says the Association of IFAs.

By Joanne Frearson Although the Markets in Financial Instruments Directive (MiFID) will create a ...

The Financial Services Authority has set out its likely proposals for implementing the client categorisation provisions in the Markets in Financial Instruments Directive (Mifid).

The Financial Services Authority will consult later this year on how firms' complaints-handling requirements may change as a result of the Markets in Financial Instruments Directive (Mifid).

The Markets in Financial Instruments Directive (MiFID) will remove significant obstacles for IFAs wishing to give advice to clients who live in other member states.

Using "intelligent copy out" to implement the Markets in Financial Instruments Directive (MiFID) will result in prescriptive rules and legalistic wording, according to Dan Waters, director of retail policy at the Financial Services Authority (FSA).

Financial services firms are being urged to start planning for the implementation of MiFID on the basis of Level 2 documentation already published, rather than wait for finalisation of the FSA's consultation on MiFID implementation expected later this...