ICE Futures Europe published guidance regarding member obligations related to their use of electronic systems to access the exchange beginning January 3, 2018 – the roll-out date of the Markets in Financial Instruments Directive II. These requirements include setting criteria or conditions for pre- and post-trade controls, qualification of staff in key positions, technical and electronic conformance, policy on fill or kill functionality, and, for clearing members, standards to assess whether such entities can provide direct electronic access to their clients and applicable conditions for such grant. ICE EU’s new guidance applies to all members, including persons from outside the EU. Additionally, the UK took further steps to implement MiFID II and a related regulation into national law. (Click here for details in the article, "MiFID II Implementing Legislation Published" in the June 23 edition of Corporate & Financial Weekly Digest by Katten Muchin Rosenman.)