ESMA prepares to work on MiFID II

Europe's revised Markets in Financial Instruments Directive faces a final vote of all members of the European Parliament. From there, the European Securities and Markets Authority would take over, determining how MiFID II will work in practice. "We have already started the preparatory work on MiFID II but we will need a complete and final legal text before the starter gun on ESMA's work can be fired," an unidentified ESMA spokesman said.

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