Firms' plans for the EU's markets in financial instruments
directive (Mifid) are suffering from a lack of clarity as to
what the final directive might contain, according to panellists
speaking in London last week.
Growing out of the investment services directive, Mifid has
been designed to address the issues of cross-border trading and
to create greater efficiency and transparency in Europe.
However, it has faced many setbacks and the implementation
deadline has already been delayed twice. It was most recently
set at 1 November 2007.
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