In March, the U.K. issued the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (2017/488) (the “Order 1”) and the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2017 (2017/500) (the “Order 2”), implementing part of MIFID II. which is the European Union’s update of regulation of the financial services market. The first Order, among other things, (i) causes new MIFID II regulated activities to be regulated in the U.K., such as operation of an “organised trading facility” and trading or advising on structured deposits and trading emissions and (ii) causing binary options to be regulated as financial instruments rather than as gambling contracts. Order 2 is a more limited order that is designed to allow regulated firms to give advice, other than personal recommendations, and not be considered to be giving regulated investment advice. Order 1 was effective on January 3, 2018, except a part that was effective on April 1, 2017. Order 2 was effective immediately. The effective date of the entire MIFID II has been extended by the European Union to January 3, 2018. With the 2-year exit of the U.K. from the EU – Brexit – triggered, however, it remains to be seen what will happen to U.K. financial services law.
Pages
Archives
- December 2023
- November 2023
- March 2023
- January 2023
- November 2022
- September 2022
- June 2022
- April 2022
- March 2022
- February 2022
- November 2021
- October 2021
- September 2021
- July 2021
- May 2021
- December 2020
- October 2020
- September 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- September 2019
- July 2019
- June 2019
- May 2019
- April 2019
- February 2019
- December 2018
- November 2018
- October 2018
- August 2018
- July 2018
- May 2018
- February 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- June 2016
- May 2016
Categories
- Alternative Energy (2)
- Anti-Money Laundering (5)
- Brexit (1)
- Broker-Dealers (34)
- Commodities (4)
- Coronavirus Relief (5)
- Corporate (31)
- Corporate – U.K. (7)
- Cryptocurrencies (17)
- Currency Trading (4)
- Data Privacy (1)
- Data Protection (6)
- Financial Institutions (18)
- Financial Services – U.K. (5)
- Funds – EU (2)
- Funds – Offshore (3)
- Funds – U.S. (12)
- Intellectual Property (1)
- Investment Advisers (11)
- Investment in the UK (2)
- Investment in United States (6)
- Loans (4)
- M&A (5)
- Not-for-Profit (2)
- Pandemic (2)
- Private Securities Offerings (12)
- Public Securities Offerings/IPOs (3)
- Securities (25)
- Securities Markets (8)
- Tax Havens (1)
- U.S. Constitution (1)
- Uncategorized (20)
- Venture Capital (12)
- Whistleblowing (4)
- Workers (1)