• Doing business with the FSA
  • Small Firms
    • Authorised professional firms
      • Impact of MiFID
        • What is MiFID?
        • Activities & financial instruments covered
        • Exemptions
        • What to do next
        • What the FSA will do next

 

These pages clarify how the Markets in Financial Instruments Directive (MiFID) will affect Authorised Professional Firms (APFs) carrying on regulated activities on a mainstream basis.

Read on for more information.

• What is MiFID?

  • How will MiFID apply to APFs?

• What activities and financial instruments are covered by MiFID?

• What exemptions might apply to APFs?

  • Firms who fall within the "incidental" exemption

  • Firms who fall within the receivers/transmitters/advisers exemption

• What APFs should do next

  • The consequences of varying your permission

• What the FSA will do next