FSA out with Mifid perimeter guidance

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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