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EU: EBF publishes response to Commission's consultation on MiFID II and MiFIR framework

The European Banking Federation ('EBF') published, on 19 May 2020, its response to the European Commission ('the Commission') public consultation on Market in Financial Instruments Directive (Directive (EU) 2014/65) ('MiFID II') and Regulation (EU) 600/2014 of 15 May 2014 on Markets in Financial Instruments and amending Regulation (EU) No 648/2012 ('MiFIR'). In particular, the EBF outlined that it welcomes the Commission consultation, since it is appropriate to take targeted amendments of the investor protection and market structure rules, especially in the context of the COVID-19 ('Coronavirus') crisis. In addition, the EBF highlighted that, among other things, it supports a review of the information requirements in MiFID 2.

 

You can read the press release here and the Response here.