The FSA have proposed this week that the cutover date for MiFID transaction reporting should move from 1st November to 5th November (i.e. to a more conventional Monday go live date) giving more time over the weekend to switch over and test the new processes
and systems. This is, at face value, a practical move that is likely to make the switchover smoother, particularly if other elements such as trade reporting might also move ... but surely if we move one or two key pieces we should move all MiFID cutover activities
to this very slightly later date? Otherwise we have the potential for even more confusion than currently surrounds this initiative? What is your view?