Hong Kong, Australia and South Africa are on track to get European Union equivalence for share trading under the second Markets in Financial Instruments Directive (Mifid II) by the year-end, according to a senior official at the European Commission. However, the EC’s director of financial markets, Ugo Bassi, made no reference to Singapore, which some have interpreted as a sign the city-state might not be among the first wave of equivalence decisions.
“We have just received [guidance] from Esma
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