MFA Comment Letter to Financial Conduct Authority on Capital Requirements Directive (CRD) IV Consultation

Earlier this week, MFA submitted a comment letter in response to the Financial Conduct Authority’s (FCA) consultation paper on implementation of the Capital Requirements Directive (CRD) IV.  In the letter, MFA encouraged the FCA to amend its proposed definition of “BIPRU firm” to better achieve the FCA’s stated goal of maintaining the status quo for regulation of specified Markets in Financial Instruments Directive (MiFID) firms, including many hedge fund managers.