German implementation of Mifid

The legislative procedure for the implementation of the Markets in Financial Instruments Directive (Mifid) in Germany will not be completed until May 2007, which means that it may miss the November deadline.

The draft bill was first published on December 8 2006, the German Bundesrat (upper house) commented on it on December 15, and the bill was first discussed by the German Bundestag (lower house) on January 18. The bill will, however, not be able to be passed by the German Bundestag by the

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