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MiFID onshoring continued: PRA Consultation Paper CP9/25

Two red London buses pass as Tower 42 (NatWest Tower), 22 Bishopsgate (also known as Horizon 22), 8 Bishopsgate (sometimes referred to as 'the Jenga') and 1 Leadenhall Street commercial skyscrapers are seen behind the Royal Exchange by the Bank of England at Bank on January 09, 2025 in London, England.
Photo: John Keeble/Getty Images

Tom Callaby | CMS, Ben Maconick | CMS, Ash Saluja | CMS+1

3 min read
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The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.

On April 23, 2025, the Prudential Regulation Authority (PRA) published Consultation Paper CP9/25 on proposals to transfer the existing firm-facing requirements of the MiFID Org Regulation (the Markets in  Financial Instruments Directive Organisational Regulation) into the PRA Rulebook. The MiFID Org Regulation was assimilated into UK law post-Brexit and is cross-referenced in

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