Asian Clients Will Leave Europe After MiFID II
By Lizzie Meager
March 16, 2017, International Financial Law Review
Institutions from both the buy and sell side will leave Europe altogether to avoid being caught by complicated new rules on reporting, according to market participants.
When implemented the Markets in Financial Instruments Directive (MiFID) II will significantly expand the scope of trade and transaction reporting obligations. And as January 3, 2018 approaches, there are entire reams of the legislation that large sections of the industry are still struggling to get to grips with.