Home FCA Handbook M2G M2G 2 M2G 2.7 MiFID optional exemption firms
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M2G 2.7 MiFID optional exemption firms

23/10/2025G

MiFID optional exemption firms are subject to the following MiFID II related obligations:

  1. ● SYSC 4 to 10 in accordance with SYSC 1 Annex 1 Part 3 Table B Column A. This table identifies whether individual provisions in these chapters apply:
    1. (i) either as rules or guidance; or
    2. (ii) are non-applicable. These obligations apply to the firm’s regulated activities and other activities identified in SYSC 1 Annex 1.2.8R.
  2. ● Other non-common platform requirements applying MiFID optional exemption firms include recording telephone conversations and electronic communications (SYSC 10A) and remuneration and performance management of sales staff (SYSC 19F). The requirements in these chapters apply to a firm’s business to the extent set out in the application provisions in each chapter.