PII requirements to remain for now

The Markets in Financial Instruments Directive (MiFID) required the Commission to present a report to the European Parliament on the continued appropriateness of the PII requirements imposed on financial services intermediaries under EU law. The Commission says analysis of the information provided by member states and stakeholders suggests the policy reasons which motivated the PII requirements remain valid and there is insufficient evidence to indicate they are no longer appropriate. But it adds it is too early to make a comprehensive assessment of how the requirements impact on interm...