UK regulator presses on Mifid 2 implementation plans The Financial Conduct Authority (FCA) has published its second consultation paper (CP16/19) on the implementation of the Markets in Financial Instruments Directive 2 (Mifid 2) in the UK. The original Mifid, introduced in 2007, set the regulatory framework for the buying, selling and organised trading of shares, bonds, units in collective investment schemes and derivatives across the European Union. Mifid 2 is revising the original directive