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
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 24/10/2011.
