The MiFID Organisational Regulation (MiFID Org Reg) is EU law we have adopted which contains key conduct, systems and controls obligations for firms, in particular investment firms. Following the Treasury’s announcement to lift requirements from legislation into the FCA’s rulebook, this consultation sets out our proposals for transferring the rules without policy changes.
We are maintaining the regulatory requirements for firms to provide continuity. As part of this work, we will also engage market participants, industry leaders and trade bodies to seek views on how best to improve, simplify and streamline the rules.
We want to seize the opportunity to lower costs for firms and support the competitiveness and growth of the economy.