EUROPE - A proposed revision to the Investment Services Directive (ISD) is unnecessary and would constrain the investment industry by imposing expensive client reporting standards and removing regulator flexibility in applying requirements, according to the managing director of Beachcroft Wansbroughs Consulting.
The European Commission has drafted the Markets in Financial Instruments Directive (MiFID) to update the 11-year-old ISD and given the proposals to the Committee of European Securities Regulators (...
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