More than three years after its implementation, the European Commission published its consultation on the review of the Markets in Financial Instruments Directive ("MiFID") on 8 December 2010. In light of lessons learnt from the recent financial crisis, it was considered that a revision of several key investor protection provisions was necessary, including the specific conduct of business obligations relating to “execution-only” business. The consultation closed on 2 February 2011, with final proposals expected to be published later this year. This briefing comments on the Commission’s recent regulatory proposals for execution-only business.
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Key contacts
Karen Anderson
Consultant, London
Susannah Cogman
Partner, London
Elizabeth Head
Of Counsel, London
Clive Cunningham
Consultant, London
Marina Reason
Partner, London
Kelesi Blundell
Partner, London
Hywel Jenkins
Partner, London
Chris Ninan
Partner, London
Jon Ford
Partner, London
Simone Hui
Of Counsel, Hong Kong
Chee Hian Kwah
Director, Prolegis LLC, Singapore
Valerie Tao
Knowledge Lawyer, Hong Kong
Cat Dankos
Senior Regulatory Consultant, London
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