July 23, 2019
Whilst the FCA’s priorities appear, for the time being, to be on understanding the nature and scale of reporting data errors and how they are addressed, failings under MiFID I moved it to take several high-profile enforcement actions. It is imperative that firms get to grips with their MiFID II transaction reporting processes and data quality checks as soon as possible.
May 14, 2019
Transaction reporting has been back in the news again with the largest fines levied by the FCA for failures under the MiFID I regime.
May 8, 2019
Hot on the heels of two well publicised MiFID I fines for transaction reporting failings, the FCA has published Market Watch 59, the content of which is totally monopolised by transaction reporting.  This signals that the regulator is now squarely turning its attention to failings under the MiFID II regime. The FCA once more reinforces the importance of complete and accurate transaction reports. 
April 25, 2019
We’re now 15 months into MiFID II and many firms, especially those who found themselves with a transaction reporting obligation for the first time, have been breathing a collective sigh of relief at a job well done. But that relief may be premature at best, and dangerously unfounded at worst.
April 25, 2019
Numerous firms who have undertaken complex, expensive and burdensome projects to build their reporting frameworks have mistaken the light at the end of the implementation tunnel as the end of the MiFID II challenge. Some firms are looking the wrong way down the tunnel, and others might well be watching the FCA enforcement train leaving the station.
February 28, 2019
Earlier this week, Andrew Bailey Chief Executive at the FCA, gave a keynote speech at the European Independent Research providers association.  During
January 3, 2019
As of today, 3 January, the EU’s Markets in Financial Instruments Directive II (MiFID II) has been live for a year. However, firms – and the Financial Conduct Authority (FCA) – are continuing to encounter challenges around the implementation of this significant package of changes.
December 13, 2018
The UK’s Financial Conduct Authority (FCA) is increasing its focus on market abuse at buy-side firms with new publications, activities and potential enforcement actions, according to panellists at an ACA Compliance Group (Europe) briefing held in London in mid-November.
September 26, 2018
FCA assess the impact of MiFID II by asking asset managers to provide detailed information 26 September 2018
September 26, 2018
MiFID II will have broad repercussions when it comes into effect at the beginning of next year – impacting every sector and market participant in the financial services industry.
September 26, 2018
MiFID II’s requirements around research unbundling have attracted much commentary in terms of their impact on both buy and sell-sides. As providers of research services, the obligation to unbundle falls on the sell-side, and as such will trigger significant changes in their operating models.
August 2, 2018
A key pillar of the MiFID II regime is the record keeping requirements that underpin many of the new or enhanced obligations. Now seven months after MiFID II implementation, what challenges have these requirements created for the buy-side? We discuss this with senior compliance consultants, Charlotte Malin and Matthew Chapman.