The Financial Conduct Authority issued a consultation paper seeking view on its proposed rollout of MiFID II in the United Kingdom. Although it is expected that MiFID II’s effective date will be extended beyond its currently schedule January 3, 2017, currently, European member states must change their laws and regulations by July 3, 2016 to implement provisions of MiFID II that are in a directive and not automatically applicable. FCA will accept comments through March 8, 2016.