The planned review of MiFID II is likely to embrace "gentle reform" to the much criticised directive, with a complete overhaul of the wide-reaching regulation "the last thing" the sector needs, according to legal experts.
Last week, European regulators said that by the end of next year they will review the regulation, which came into force in 2016, following a great number of unintended consequences for market participants since its implementation. MiFID II rules draining SMID-cap stock liquidity A European Commission spokesperson told the Financial Times that the authority had been "collecting feedback on several issues", such as the functioning impact of investor protection rules and the coverage of small and medium enterprises by research analysts. They added: "We are also working towards the cre...
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