U.K. – FCA MIFID II Exemptions

On 19 July, FCA issued guide on MIFID II ancillary activity exemption.

  • Guide to assist with submission of annual notification of ancillary activity exemption.
  • Firms to conduct assessment of activities as set out in RTS 20 to see if in Art 2(1)(j).
  • Need to register for Connect to have access to the FCA’s online exemption form page.
  • Ancillary notification application page shows any draft notifications and can start new.
  • Form requires submission of entity name, LEI or National ID if firm does not have one.
  • Once submitted firms will receive an email confirming receipt of application with ref.