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{{fullanat|cobs|2.4.3| }} | {{fullanat|cobs|2.4.3| }} | ||
In which the FCA inveigles on the much talked-about, seldom asked<ref> | In which the FCA inveigles on the much talked-about, seldom asked<ref>And, in the halls of the [[European Securities and Markets Association]] seemingly, ''never'' asked.</ref>, question “who is this {{fcaprov|client}} fellow, anyway?” | ||
An interesting point to note, especially post [[Brexit]]<ref>Assuming such an uplands-sunlit time ever comes to pass.</ref> is that this kind forensic precision goes wholly unaddressed among the mountains of directives, regulations, implementing directives, level two texts and ESMA Q&As that comprise {{t|MiFID}}. ''Nowhere'' does MiFID say ''who'' the client is: this rule is made up out of whole cloth by the Brits. | An interesting point to note, especially post [[Brexit]]<ref>Assuming such an uplands-sunlit time ever comes to pass.</ref> is that this kind forensic precision goes wholly unaddressed among the mountains of directives, regulations, implementing directives, level two texts and ESMA Q&As that comprise {{t|MiFID}}. ''Nowhere'' does MiFID say ''who'' the client is: this rule is made up out of whole cloth by the Brits. | ||
You may further wonder about the {{tag|FCA}}’s definition of {{fcaprov|client}}, and if so, by all means make all haste there — but expect to conclude “{{isia}}”. | You may further wonder about the {{tag|FCA}}’s definition of {{fcaprov|client}}, and if so, by all means make all haste there — but expect to conclude “{{isia}}”. | ||
{{ | {{sa}} | ||
*{{t|MiFID}} | *{{t|MiFID}} | ||
{{ref}} | {{ref}} |