MiFID II and its implementation remains a key focus for regulators amid Brexit uncertainty as stated in the FCA’s 2019/20 Business Plan and ESMA’s recent announcement of a “common supervisory action” for EU National Competent Authorities (NCAs).

FMCR has extensive experience in MiFID II implementation from client outreach to data remediation and can help to:

• Perform an independent assessment of overall MiFID II implementation to help identify any remaining gaps

• Design and implement a remediation plan for open items

• Review adequacy of current systems and controls e.g. transaction reporting, product governance, client appropriateness

• Provide support where improvements are required to existing controls and processes