Regulatory Alerts2024-11-26
Added · Updated
PS25/13: The MiFID Organisational Regulation
The FCA restates the firm-facing requirements of the MiFID Organisational Regulation into FCA Handbook rules with no policy changes, primarily reflecting Handbook drafting style. The removal of the requirement to report a 10% drop in portfolio value to optional exempt firms and the transfer of MiFID rules commence on 23 October 2025. The definition of 'durable medium' is amended to make electronic communications the default mode for retail client communications, effective 12 January 2026. These changes affect MiFID investment firms, optional exemption firms, third country firms, UCITS managers, and other authorised entities.
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