European Commission Press Release: New rules for more efficient, resilient and transparent financial markets in Europe

The European Commission has recently published a press release announcing plans to revise the Markets in Financial Instruments Directive (MiFID) in the form of a Directive and a Regulation.

The aim is to ensure all trading venues have to "play by the same transparency rules and that conflicts of interest are mitigated". The reforms also aim to provide better access to capital markets for Small and Medium Sized Enterprises (SMEs) by creating a specific label for SME Markets that meet their needs.

There is also mention of taking in to account technological advances that have drastically increased the speed of trading that causes exposure to risk. Through increasing transparency and reinforcing supervisory powers by regulators the reforms aim to strengthen investor protection.

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