FSA launches MiFID handbook

The EU deadline for FSA-regulated firms and markets was January 31 2007. The switch-on date for MiFID and the new handbook text is November 1 2007 allowing a nine-month period following transposition for financial institutions to complete their plans for implementation of the new MiFID requirements. Hector Sants, managing director of the FSA, said: “The paper marks the culmination of the FSA”s work to transpose MiFID on deadline – an achievement which owes a great deal to the co-operation and commitment we have received throughout the process from the industry.” He admitted that the imp...