Sweeping changes to the European securities markets are planned by the European Commission through its review of the Markets in Financial Instruments Directive - the MiFID review.
The European Commission published its legislative proposals in October 2011, with a view to adopting them later this year or early next. The new regime will fundamentally change the way securities markets operate in the EU and could come into play in less than three years. Key goals for the new regime will be enhanced system stability, market efficiency and competitiveness, and investor protection.
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