FCA receives more than 1,500 MiFID II queries in six months

FOI from Professional Adviser

The Financial Conduct Authority (FCA) has received more than 1,500 calls and queries relating to the MiFID II rules, a freedom of information (FOI) request submitted by Investment Week's sister title Professional Adviser has revealed.

Since the second Markets in Financial Instruments Directive (MiFID II) rules came into force on 3 January, the FCA's contact centre has received 1,501 queries regarding the rules in the last six months, 187 of which have come after the rules were implemented. Meanwhile, the FCA's MiFID Co-ordination Team and the Advice & Distribution Policy Team received 38 queries in the last six months, three of which were recorded after the rules came into effect. The watchdog said it was carrying out ongoing supervisory work in relation to MiFID II as part of its commitment to assist firms with th...