MiFID II letter and comment – in favour of a rigid application

See here for a copy of a letter sent by Markus Ferber MEP (Christian Democrat)  and Roberto Gualtieri MEP  ( Progressive Alliance of Socialists and Democrats) to the European Commission highlighting concerns regarding the latest Regulatory Technical Standards(RTS). The letter includes concerns that the latest proposals on position limits may not go far enough to curb undesired large positions. It also includes concerns that the latest proposed Ancillary Activity tests may permit the exemption to be used in inappropriate circumstances.

The letter is linked to from this page on the web site of Sven Giegold, an MEP representing the Green Party. While the post shows understanding of the proposed delay to the start of MiFID II, it stresses that it should not be used as an opportunity to “water down” any rules.

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