Member

The MiFID organisational regulation specifies how investment firms, such as investment banks or portfolio managers, need to organise themselves and operate their business. While highly technical in nature, these regulations are essential to these companies operating their core businesses. By delegating responsibility for setting these detailed regulatory requirements to the Financial Conduct Authority and the Prudential Regulation Authority, the regulators will be able to use their day-to-day experience of supervising financial services firms to ensure that these rules are tailored to the UK and proportionate for UK firms.