MiFID business - FCA Rulebook Term

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MiFID business is defined in the FCA rulebook here, but (by way of Nutshell™) includes “any of the services and activities listed in Section A of Annex I to MiFID relating to any financial instrument, that is:

(a) reception and transmission of orders for financial instruments;

(b) order execution for cients;

(c) dealing on own account;

(d) portfolio management;

(e) making personal recommendations;

(f) underwriting and committed placing of financial instruments;

(g) uncommitted placing of financial instruments;

(h) operating a multilateral trading facilities; and

(i) operating an OTF.