FCA Statement on the Operation of the MiFID Markets regime post-Brexit

Image Copyright: Financial Conduct Authority

The FCA has published a supervisory statement on the operation of the MiFID Markets regime after the end of the EU withdrawal transition period.

The statement is designed to help market participants understand the FCA's approach to the MiFID regime post-Brexit and covers a range of issues including the Double Volume Cap, transparency waivers and deferrals, equity transparency, bond transparency, derivatives transparency and commodity position limits.

The statement comes as the FCA prepares for the possibility that there will not be a free trade agreement between the UK and EU and no mutual equivalence decisions in areas relevant to the MiFID markets regime.

Consequently, the statement sets out how the FCA will operate the pre and post-trade transparency regime for the secondary trading of financial instruments post-Brexit. 

READ statement

Brexit 2-1


As the MiFIR reporting rules post-Brexit become clearer, this article looks at some key changes that will impact branch and non-branch reporting.


SteelEye is a trusted compliance platform for MiFID II, EMIR, Dodd-Frank, MAR, SMCR & more. Established to reduce the complexity and cost of financial compliance, SteelEye enables firms globally to manage their regulatory obligations through a single platform.

SteelEye’s regulatory reporting suite for EMIR and MiFIR seamlessly consolidates, cleanses, validates and enriches all required client data in real-time and automates large parts of the transaction reporting process. By doing so, SteelEye addresses the significant data integrity challenge many firms have faced following recent regulations and enables them to improve their operational efficiency while freeing up resource.

Because of the complexities around regulatory reporting and the fact that firms can submit valid reports and still fall short of their obligations, SteelEye provides sophisticated validation tools, testing and reconciling all submitted reports against the reporting criteria, presenting any rejections for easy correction. Using the SteelEye dashboard, clients can thereafter manage, update and review the status of all submitted trades – feeling confident in their compliance.



Latest News

SteelEye and Intelligent Voice Transform Voice Surveillance through Strategic Partnership

| 18 Jun 2024

Beyond Words: The Hidden Risks of Emojis in Trading

| 06 Jun 2024

Untapped Risk: Why Compliance Needs Voice Transcription

| 22 May 2024

Global Regulators Intensify Scrutiny of Market Manipulation Failures

| 10 May 2024

SteelEye’s Women in RegTech: Sonia Chowdhury

| 09 May 2024

Navigating Off-Channel Communications

| 29 Apr 2024