The Financial Conduct Authority (FCA) has published its second consultation paper (CP16/19) on the implementation of the Markets in Financial Instruments Directive II (MiFID II) in the UK.

Despite the referendum result, the FCA has said it is business as usual until formal negotiation period after Article 50 is concluded.

The original MiFID, introduced in 2007, set the regulatory framework for the buying, selling and organised trading of shares, bonds, units in collective investment schemes and derivatives across the European Union. MiFID II is revising the original directive to introduce substantial and wide ranging measur...