An equivalent regulatory regime to Mifid II may not suffice in certain areas - lawyer
The adoption of Europe's Mifid II or the
UK's establishment of an equivalent regime to Europe's may not
guarantee UK firms access to European central counterparties, a
legal expert has warned.
Non-European Union firms looking to gain
access to the European market can do so by establishing their
regulatory regime as equivalent to Europe's but there are
specific clearing rules under Mifid that mean these measures
may not ensure access to Europe's central counterparties,
according to a partner at law firm Morrison & Foerster.
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