FCA details Mifid onshoring process post-Brexit

FCA

The UK’s Financial Conduct Authority is testing two new systems that will be used by firms to report data related to the Markets in Financial Instruments Directive (Mifid) from January 1, 2021.

Following the end of the UK’s transition away from the European Union on December 31, the EU Securities and Markets Authority (Esma) will switch off the FCA’s access to two key systems needed to operate the Mifid regime.

Mifid II is a piece of EU legislation regulating firms that provide services linked

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