No extension for Mifid II reporting after Brexit – FCA
By Wendy Lisney
October 1, 2020, Global Investor Group
Mifid II transaction reporting regimes must be in place by the end of the Brexit transition period, and will not be granted an extension under temporary transitional power (TTP), according to the Financial Conduct Authority (FCA).
In a statement on Thursday, the FCA included Mifid II, EMIR and Securities Financing Transactions Regulation (SFTR) reporting regimes on a list of compliance obligations that firms must meet by 11 p.m. on December 31, after which onshored legislation will apply.
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