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Comment: Finance industry stuck in the middle as EU, UK diverge over Mifid II revisions

By Fiona Maxwell ( April 29, 2021, 14:56 GMT | Comment) -- Financial-services companies face diverging regulatory requirements as the UK and EU both plan changes to Mifid II to better suit their respective markets. With Brexit done, the UK has already proposed scrapping various measures, and as the EU does the same companies operating in multiple markets will face hard choices or regulatory arbitrage to cope with the increasingly disparate sets of rules.It was just three years ago that the UK stapled into its statute book the thousands of pages of the EU’s landmark trading and transparency legislation, but work has now begun on tearing parts out again to fit its post-Brexit vision — and industry observers are warning of problems ahead. ...

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