The European Commission published on 20th October 2011 its
legislative proposals relating to its review of both the Markets in
Financial Instruments Directive (MiFID) and the Market Abuse
Directive (MAD).
Some of the proposals reflect G20 commitments to reform market
structures in the wake of the financial crisis. However,
there are a host of other proposals that go well beyond what has
been agreed internationally. The measures reflect the
continuing trend of the regulatory authorities to demand more
information and transparency from firms, and to have more
effective powers of intervention in the markets and the
day-to-day running of firms.
We have produced a brief analysis on each of the revised
Directives, summarising the major new issues and the potential
impact they will have. Click here to read the report on MiFID II and here for the report on MAD II
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The original publication date for this article was 24/10/2011.