FCA list of cooperation agreements with third country regulators in context of outsourcing portfolio management services under MiFID II

On 14 June 2018, the FCA published a list of the supervisory authorities in third countries with which it has cooperation agreements that meet the requirements set out in Article 32(2) of Commission Delegated Regulation (EU) 2017/565 supplementing MiFID II as regards organisational requirements and operating conditions for investment firms (otherwise known as the MiFID II Org Regulation). The FCA states that the list can be used by firms to assess their compliance with Article 32(1) of the MiFID II Org Regulation. The FCA also reminds firms to consider the outsourcing requirements set out at Articles 30 and 31 of the MiFID II Org Regulation and in SYSC 8 of the FCA Handbook.

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