FCA unveils consultation into repealing MiFID organisational requirements

The consultation comes off the back of the Treasury plans to reform the MiFID framework to "reinvigorate" capital markets, as set out in Rachel Reeves' Mansion House speech earlier this month. Under the watchdog's consultation, not much change is expected to take place and impact regulated firms, given many of the conduct rules and systems and control rules under MiFID will be brought into the FCA's handbook. As such, the regulator has proposed to "retain the current substance of the requirements" to give firms continuity. There are some provisions the FCA is not replacing, but those ...