FSA urges firms to prepare for MiFID

The Directive is likely to come into force on 1 November 2007 - following an appeal during the recent UK presidency of the EU to extend the deadline by six months from the previously agreed upon April 2007 - and will have a significant impact on financial services regulation and how firms operate and interact with customers. To help firms prepare, the FSA has published Planning for MiFID, a factual document which provides a short guide highlighting the key areas which will be affected by the Directive and the main practical implications for regulated firms. The guide says responsibility ...