MiFID 2: The European Commission’s Consultation on the MiFID Review

December 20, 2010

The implementation costs of the European Union’s Market in Financial Instruments Directive (“MiFID”) have been to estimated to have run into several hundred millions of £s in the UK alone. The European Commission has published a consultation on its proposals to review MiFID three years after its original entry into force with a view to bolstering investor confidence and achieving in practice MiFID’s original objectives. This update considers the principal features of the Commission’s consultation.

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