FSA and CESR announce further Mifid plans


The FSA notes that its Level 2 plan with the Treasury, published in May, the Joint Implementation Plan for Mifid, has so far led to five consultations, all of which will form the basis of the rules to be transposed in January. Their recent Mifid update also laid out how the Directive would ultimately lead to certain changes in the FSA's rules and its handbook.

Such changes are feared by the industry due to their perceived complexities, but the FSA says it is striving to make them as simplistic

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