'Poisson d'Avril': EU to introduce compulsory French exam for wealth managers under MiFID II

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'Poisson d'Avril': EU to introduce compulsory French exam for wealth managers under MiFID II

The European Commission has proposed the introduction of a compulsory French examination for all EU asset managers and advisers, in a last minute addition to the Markets in Financial Instruments Directive II (MiFID II).

Set for implementation by the European Securities and Markets Authority (ESMA), Commission officials told the European Parliament that the new guidelines will guarantee a common understanding betwe...

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