On June 14, the UK Financial Conduct Authority (FCA) published a list of cooperation agreements it has in place in relation to the outsourcing of portfolio management. The list contains the supervisory authorities in three countries with which the FCA has cooperation agreements that meet the requirements of the Commission Delegated Regulation (EU) 2017/565 on organizational requirements and operating conditions for investment firms (MiFID Org Regulation).
The list, which includes the United States, Switzerland and Japan, can be used by firms to assess their compliance with the MiFID Org Regulation. Firms should also examine the outsourcing requirements set out separately in the MiFID Org Regulation, as well as those in the FCA Handbook.
The FCA’s list of cooperation agreements is available here.