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FSA and Treasury publish joint implementation plan for MiFID

HM Treasury and the FSA have published a joint implementation plan for the Markets in Financial Instruments Directive (MiFID). The plan covers the UK’s approach to the consultation and the planned timetables to changes to UK legislation and FSA rules. The paper states that a detailed implementation programme will assist the firms with their own implementation plans.

The Treasury has also published a summary of the responses and is currently working to revise its proposals. In order to have the legislation in place by January 31, 2007, the final version will need to go before Parliament by December of this year.


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