On behalf of EFFAS members, the Board of Directors (EMC) has written to the EU commissioners and ESMA in response to the recent article in the Financial Times, which reported that the UK intends to revitalize its capital market by abolishing MiFID regulations. In the letter, EFFAS urges to suspend or completely revise these rules. The regulation of MiFID II is not only complex and insufficiently concrete; in reality, its introduction has in many respects resulted in disorientation and uncertainty within our markets.
Find out the list of reasons why in the letter below:
