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The European Fund and Asset Management Association (EFAMA) has welcomed the European Parliament, Council and European Commission informal agreement on the review of the Markets in Financial Instruments Directive (MiFID). The development means negotiations on the future of the European Financial Markets have finally been concluded after more than two years of intensive deliberations. However, EFAMA is disappointed that insurance products have been omitted from the final agreement. And EFAMA believes that the failure to treat as equal all financial investment products means there will now be an absence of a level playing field.
EFAMA now urges the European Parliament and Council to immediately restart the stalled negotiations on the review of the Insurance Mediation...
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