The UK's markets regulator has released a weighty consultation document outlining how it expects to put the review of Europe's trading rulebook into national law, as well as its approach to contentious issues such as trading systems registration, and buyside reporting requirements.

The Financial Conduct Authority released a 297-page consultation document on December 16 that contains draft additions to its Handbook that will enable the revised Markets in Financial Instruments Directive, known as Mifid II, to become law in the UK.