FSA out with final transposition of Mifid

The Financial Services Authority has published a Policy Statement and Handbook text that finalises its transposition of the Markets in Financial Instruments Directive (Mifid) for FSA-regulated firms and markets by the EU deadline of 31 January 2007.

The switch-on date for MiFID and the new Handbook text is 1 November 2007, allowing a nine-month period following transposition for financial institutions to complete their plans for implementation of the new MiFID requirements.

FSA Managing Director

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