EU review raises spectre of Mifid II


BRUSSELS - Given the regulatory debate raging in Europe, particularly over moves to implement a common European Union financial rule book, it is not surprising there have been whispers a Mifid II might be on the horizon.

The aim of the EU Markets in Financial Instruments Directive (Mifid), which came into effect on November 1, 2007, was to establish a common rule book for securities firms across Europe, creating a single authorisation for investment firms to enable them to do business anywhere

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