UK FCA clarifies position on structured deposits, confirms Mifid 2 implementation

The UK Financial Conduct Authority (FCA) will apply individual conduct rules to such activities as advising on and selling structured deposits within the scope of designated investment required by the European Commission's Markets in Financial Instruments Directive 2 (Mifid 2). The UK regulator has launched a consultation following two previous papers (CP 15/43 and CP16/19) and pointed that, 'firms must continue to abide by their obligations under UK law, including those derived from EU law and