Financial Conduct Authority  

FCA strikes deal with EU regulator

This minority of firms included firms subject to the MiFID II transaction reporting regime, those subject to reporting obligations under European Market Infrastructure Regulations and firms intending to use credit ratings issued or endorsed by FCA-registered credit ratings agencies after exit day.

Ms Delfas said: "There are some areas such as reporting rules under MiFID II, where it would not be appropriate to provide a phase-in, as receiving these reports is crucial to our ability to ensure market oversight and the integrity of financial markets.  

"In these areas only, we expect firms and other regulated persons to begin preparing to comply with the changes now."

rachel.addison@ft.com