Mifid II delegated acts shelved until November – FCA
FCA official says 14 elements of Mifid II will be held up; research row is blamed
The UK's Financial Conduct Authority (FCA) has told banking and markets lobbyists that elements of Europe's new trading and transparency rules will be delayed until November, including controversial requirements on the unbundling of fixed-income research. Market participants believe the rules have been held up by opposition from some member states, including the UK.
The delay was announced at a meeting at the FCA's offices on September 14, which was attended by representatives from 21 industry
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