October 27, 2016
It sets out final rules to transpose the Markets in Financial Instruments Directive (MiFID II) legislative package for:
- the extension of scope and harmonisation of the MiFID passporting regime in the Passporting Part of the PRA Rulebook; and
- systems and controls for firms who undertake algorithmic trading and provide direct electronic access to trade venues in the new Algorithmic Trading Part of the PRA Rulebook.
The policy contained in this PS has been designed in the context of the current UK and EU regulatory framework. The PRA will keep the policy under review to assess whether any changes would be required due to changes in the UK regulatory framework, including those arising once any new arrangements with the European Union (EU) take effect.
The response summary and related items can be found on the BoE website here.