The UK’s Financial Conduct Authority has revised some of its proposals on implementation of MiFID II, issuing its final rules and guidance on the directive
The platform concentrates on data analyses across Citi custody and fund services products and will be broadened to include investor services, which includes securities lending, at a later date
The first trade comes a month after the US SEC approved rule changes allowing institutional investors to participate directly in the clearinghouse through CCIT membership
New rules under MiFID II could restrict liquidity in the market and have a negative effect on securities lending and repo industry, according to Anna Biala, a partner at Clifford Chance
