Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
There are growing concerns a series of waivers included in the revised Markets in Financial Instruments Directive (Mifid) may mean European rules on trade execution are deemed to be less stringent than the US equivalent, creating a compliance headache for electronic trading platforms and their users.
European legislators are currently finalising the revised Mifid and Markets in Financial Instruments Regulation (Mifir) texts, with the rules expected to be completed late this year or early in 2014
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