Implementing Europe’s Mifid II has not exactly been a walk in the park. But Brexit will make it harder still, as some of the wide-ranging trading rules look set to break into a UK and a European Union version.
Financial firms fret this will happen to pre- and post-trade transparency requirements contained in Mifid II’s companion regulation, Mifir. The consequences could reach every corner of the industry: trading venues, market-makers and investment firms would have to follow two different sets
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