MiFID III 'the last thing' asset management needs amid EU review

Changes to take place by next year

clock • 2 min read

The planned review of MiFID II is likely to embrace "gentle reform" to the much criticised directive, with a complete overhaul of the wide-reaching regulation "the last thing" the sector needs, according to legal experts.

Last week European regulators said that by the end of next year they will review the regulation, which came into force in 2016, following a great number of unintended consequences for market participants since its implementation. A European Commission spokesperson told the FT that the authority had been "collecting feedback on several issues", such as the functioning impact of investor protection rules and the coverage of small and medium enterprises by research analysts. They added: "We are also working towards the creation of a single EU trading tape to enhance transparency in Europ...

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