Regulatory Alerts2021-04-27
Added · Updated
Changes to UK MiFID’s conduct and organisational requirements
The Financial Conduct Authority removes the obligation for execution venues to publish RTS 27 reports and for investment firms to produce annual RTS 28 best execution reports, with these changes taking effect on 1 December 2021. New inducement rules exempt research on small and mid-cap companies with a market capitalisation below £200m, fixed income currencies and commodities research, and research from providers not offering execution services from separate payment requirements, effective 1 March 2022. The threshold assessment for the SME exemption is amended to use a 24-month average market capitalisation calculation, and the exemption is extended to cover SME corporate access.
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