As Brexit looms, Mifid transparency faces the chop

EU law and equivalent UK draft threaten to split and undermine trade disclosure rules

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