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Imperfect harmony: industry balks at EU foreign venue rules

Proposal could force non-EU platforms to choose between following Mifid II or ditching EU firms

Harmonising regulation across countries is usually a noble task. Shooting yourself in the foot by doing that isn’t.

European Union lawmakers have embarked on replacing the current patchwork of national access rules for foreign trading venues with a single EU equivalence regime. One part of their proposal could mean EU firms will not be able to trade on the largest third-country platforms unless

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