EU regulatory reform: the past six months
It seems a long time since the global agreement on the need for radical reform of financial services regulation in the wake of the financial crisis. We always knew measures would take months and years in the negotiation and implementation stages. Suddenly, since the beginning of 2014, several critical pieces of EU legislation have reached milestones. Below, we summarise the major developments from the past six months.
The revised Markets in Financial Instruments Directive (MiFID 2) and Regulation (MiFIR), known collectively as the MiFID 2 package, was adopted and published in the EU’s Official Journal on 12 June. This means most of its provisions will take effect in member states from 3 January 2017. The package brings fundamental change to several areas of investment services and trading, including introducing a new trading venue, the Organised Trading Facility (OTF), to operate alongside multilateral trading facilities, regulated markets and systematic internalisers: OTF operators can conduct a number of activities in non-equities but will need to get the correct authorisations…
Click on the link below to read the rest of the Dentons briefing.
News from Dentons
News from The Lawyer
Briefings from Dentons
Financial Regulatory Developments — presidency publishes IMD 2 compromise; new commissioners announced; and more
Dentons has released the 12 September 2014 edition of its Financial Regulatory Developments (FReD) publication.
Members of the Global Privacy Enforcement Network (GPEN) have released the results of the network’s May 2014 privacy sweep.
Analysis from The Lawyer
The continent’s boom in natural resources and renewable energy is sparking an infrastructure drive
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.