The Markets in Financial Instruments Directive (MiFiD II) introduces some important changes to financial services regulation in the UK. In a notice issued on Monday, FCA encourages firms carrying out activities covered by MiFID II within the country to submit applications for MiFID II authorization by 3 July 2017. The UK financial regulator reminds that MiFiD II will come into effect on January 3rd 2018 and if investment firms continue to provide services covered by it in the country without the required permissions, they may face civil, regulatory and/or criminal consequences.