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Pocketmags Digital Magazines
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MiFID II an ongoing priority, say King & Wood Mallesons

In the wake of the referendum result, only those firms who have not been listening to the FCA can believe that there is the silver lining of not having to implement any more European financial services legislation. After the never-ending waves of post-financial crisis reform, firms might in particular have hoped to avoid the seismic MiFID II rewriting of almost all the rules relating to investment services and markets.

However, the FCA moved quickly to quash any such hopes and to emphasise that firms cannot simply scrap current implementation plans, by stating immediately after the announcement of the UK’s vote to leave the EU:

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