Mark Steward, executive director of enforcement and market oversight at the FCA, has warned the regulator will not "create a floor below" full MiFID II compliance standards for firms failing to make the necessary preparations to meet the January 2018 implementation deadline.
Speaking at the AFME European Compliance and Legal Conference 2017 on Wednesday, Steward said the FCA was likely to take a firmer stance towards firms which "have made no real or genuine attempt to be...
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