SUP TP 9 Transitional Provisions in relation to the MiFID Regulation
19.1 |
Continuing obligations under the MiFID Regulation |
|||
9.1.1 |
R |
(1) |
If the condition in (2) is met, SUP TP 9 applies in respect of an obligation or requirement in, or under, the following with which a firm must comply: |
|
(a) |
the MiFID Regulation; or |
|||
(b) |
||||
(2) |
As at 2 January 2018, a firm is under an obligation or requirement to comply, or to have complied, with a provision referred to in (1) in the version in force on that date. |
|||
9.1.2 |
R |
A firm remains obliged to comply with the obligation, requirement or rule referred to in SUP TP 9.1.1R(1)(a) and (b) until such time as effective compliance is achieved. |
||
9.1.3 |
R |
SUP 15 (Notifications to the FCA) continues to apply in respect of a breach of a requirement or a rule referred to in SUP TP 9.1.1R. |
||
Purpose |
||||
9.1.4 |
G |
The purpose of SUP TP 9.1.1R is to ensure that, as appropriate, firms: |
||
(1) |
comply with the provisions of the MiFID Regulation and SUP 17 (as at 2 January 2018); and |
|||
(2) |
notify and remedy breaches of these provisions whenever those breaches come to light, |
|||
notwithstanding the repeal of the MiFID Regulation on 3 January 2018. |