Questions remain on scope of Mifid extraterritoriality

question mark_land_Getty - web.jpg — Lack of direction: firms still confused about trading obligations beyond the EU’s shores

Samuel Wilkes
@wilkkes
13 Jun 2018

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Global banking groups are still grappling with uncertainties surrounding the application of new European Union financial market rules on operations located outside the EU, a conference in London has heard.

“We haven’t been able to get a clear picture from the regulators. We have talked extensively with the Financial Conduct Authority and European authorities since go-live, and before then, and it still remains uncertain,” said Andrew Bowley, head of regulatory response and market structure

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