APCIMS follows LSE announcement on EU directive

Following this morning's announcement by the London Stock Exchange that it was against proposals for the new EU Investment Services Directive to restrict trading in shares to exchanges, APCIMS, the chief UK body representing private client investment managers and stockbrokers, says it is once again urging the European Commission to make sure that stock exchanges are not allowed to use consumer protection as an excuse to put up trading costs. APCIMS says the proposals put forward by different European stock exchanges to regulate trading would result in increased costs for consumers thr...