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FCA: Mifid II stragglers to escape disciplinary action

Regulator says firms that can prove they have made an effort to be ready for the January deadline will be shown leniency

FCA: Mifid II stragglers to escape disciplinary action

Companies that fail to meet the January deadline to fully comply with new European trading rules will not face immediate disciplinary action, according to the UK’s financial watchdog.

The second iteration of Europe's Markets in Financial Instruments Directive comes into effect at the start of next year, with the rules intended to make European markets safer and more transparent, and to target conflicts of interest in trading.

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