The Markets in Financial Instruments Directive (MiFID II) is the biggest priority for investment managers, according to a survey by Deloitte.
The Central Bank of Ireland, the Irish regulator, has said it welcomes the EU’s ambitious Capital Markets Union project but tacitly acknowledged the challenges of pushing it through member states should not be underestimated.
Smaller stocks have had their threshold for the large in scale waiver slashed to try and preserve liquidity, the final rules for MiFID II have revealed.
A European Securities and Markets Authority spokesman has confirmed that MiFID II and MiFIR technical standards will now be published next week.
Final rules for MiFID II are due to be released tomorrow (24 September), according to a source familiar with the situation.