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On 21 November 2011, the ABBL held a special information session on the review of the Markets in Financial Instruments Directive (MiFID), following the recent adoption by the European Commission of two proposals: a Directive (MiFID II) and a Regulation (MiFIR).
The original MiFID came into effect on 1 November 2007. Introduced in exceptionally difficult times, the directive never really got the chance to prove its worth before the Commission already decided to launch a public consultation to review the directive in 2010. In reference to the unfortunate timing of the introduction of MiFID I, Serge de Cillia, Member of the Management Board of the ABBL, said that it turned out to be a Halloween event. In his introduction to the ABBL information session, Serge de...
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