Fifth Consultation Paper and first Policy Statement issued, with the FCA’s second Policy Statement due in June.

The FCA has just published two further papers on its approach to implementing MiFID II. The first, which is the FCA’s fifth Consultation Paper, covers Occupational Pension Schemes, changes to the decision making and enforcement guides, and reporting positions in commodity derivatives (CP17/8). The second contains near final rules (following earlier consultations) on markets issues, taping telephone conversations, systems and controls, client assets and commodity position limits (PS17/5).