FCA: PS25/13: The MiFID Organisational Regulation
Further to CP24/24, FCA has published feedback, noting that most respondents agreed with its approach and the rules have been finalised largely as consulted on. HMT, FCA and PRA have agreed that the SI and changes to the FCA and PRA rulebooks will all commence, along with the revocation of the MiFID Org Reg on 23 October 2025. FCA has also finalised its approach with regard to matters consulted on in CP24/11. With regard to removing the requirement to report a 10% drop in portfolio value to a retail client from COBS 16A.4.3 so it no longer applies as a rule to optional exempt (Article 3) firms, in line with MiFID firms, FCA has confirmed that this will come into effect on 23 October 2025. With regard to an amendment of the definition of “durable medium” in the Glossary, this change will come into effect on 12 January 2026.
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Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
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