Uncertainty prevails as each country will intepret the directive differently, causing confusionAdvisers still voicing concerns with regard to MiFID legislation

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By Joanne Frearson Although the Markets in Financial Instruments Directive (MiFID) will create a ...

By Joanne Frearson Although the Markets in Financial Instruments Directive (MiFID) will create a single EU market for the sale of financial products, advisers are concerned there are still many uncertainties surrounding this legislation. The main criticism of the directive is that each country will interpretive the regulations slightly differently, and how these discrepancies will impact advisers. The Association of Private Client Investment Managers and Stockbrokers (Apcims) thought litigation cases may result in countries that operate under a principle-based approach as the rules were...

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