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 (...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
