Category: MiFID
IFPR Implementation and Preparing for the FCA’s ICARA Reviews
Two years after the IFPR implementation in December 2022, the FCA expects that firms in scope have implemented all the requirements and are able to demonstrate correct understanding of risks and consequently, calculate the ICARA capital requirements. Yet, the FCA still finds that some firms are misinterpreting the ICARA approach and haven’t developed sufficient liquidity […]
By Stanley Epstein, Eureka Financial The original Markets in Financial Instruments Directive (MiFID) came into force in November 2007. MiFID brought competition to the trading procedures in the European Union. Under MiFID investment firms could operate throughout the EU on the basis of the ‘authority’ of their home EU Member State. MiFID also introduces a […]