Execution-only business is set to become more difficult under the latest regulatory proposals from E...
Execution-only business is set to become more difficult under the latest regulatory proposals from Europe. The IMA believes planned revisions to the Investment Services Directive (ISD) would force retail investment firms to ask questions about customers' financial situations before undertaking any transaction, potentially hindering execution-only business. The ISD revisions being put forward by the European Commission include the requirement that investment firms need to: 'obtain information enabling the investment firm to determine the investment services and financial instruments that...
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