Christopher Woolard, executive director of strategy and competition at the FCA, said: “Mifid II introduces substantial and wide ranging measures designed to improve investor protection and promote market integrity.
“It is critical that those firms submit their applications now. The FCA does not expect to make any significant changes to these rules before they are finalised in June this year, and therefore firms should not delay.”
The regulator also opened a new consultation on Friday into its fifth set of implementation proposals for Mifid II and on proposed changes to the FCA handbook.
