Tell it to the judge
With well over a year to go to implementation, the Mifid bandwagon is already rolling through investment firms across Europe, but what punishment can financial services criminals expect, if any? Peter Madigan investigates
While various elements of the Markets in Financial Instruments Directive (Mifid) have been scrutinised and questioned in consultation processes, one aspect of the legislation has been largely ignored – the issue of how Mifid will be enforced.
Mifid, which comes into effect on November 1 2007, will create a single market and standardise regulation for investment services across all 25 European
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