FCA receives more than 1,500 MiFID II queries in six months

The second Markets in Financial Instruments Directive (MiFID II) rules came into force on 3 January. In the last six months, the FCA's contact centre has received 1,501 queries regarding the rules, 187 of which have come after the rules were implemented. Meanwhile, the FCA's MiFID Co-ordination Team and the Advice & Distribution Policy Team received 38 queries in the last six months, three of which were recorded after the rules came into effect. The watchdog said it was carrying out ongoing supervisory work in relation to MiFID II as part of its commitment to assist firms with their i...