FSA out with Mifid perimeter guidance
FSA issued more Mifid guidance for beleaguered firms
The FSA has published its final perimeter guidance relating to the Markets in Financial Instruments Directive (Mifid) and the re-cast Capital Adequacy Directive (CAD). This follows consultations on the SYSC common platform (CP06/9) and the implementing Mifid for Firms and Markets CP (CP06/14).
None of the guidance differs significantly from the consultative draft, although there are a number of changes of detail. The main items covered are what comprises investment services and activities; what
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