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What is MiFID business?

April 26, 2017Business MiFiD

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What is MiFID business?

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(http://fs.practicallaw.com/3-380-4071) expands on the content of this flowchart. It will help you to understand the three key elements of the FSA’s definition of MiFID business, by summarising the types of investment firm, financial instrument and investment service/activity to which the MiFID derived rules in the FSA Handbook will always apply, as well as looking at applicable exemptions. It also provides some examples of the circumstances in which an investment firm must comply with FSA’s MiFID-based rules even though it may not be carrying on MiFID business.