MiFID II: Wait for legislation wording finally ends

Delegated acts for new legislation published

Finally, 10 months late, the European Commission (EC) has published the MiFID II delegated acts relating to research and inducements. This is one of the most contentious parts of the legislation, plagued by fierce lobbying, leak, rumor and speculation. In the process, European Union law-making has been criticized as farcical, but the end result is no tragicomedy. The EC has stood rock solid behind the core of the European Securities and Markets Authority’s proposals.  

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