Mifid II Clamps Down on Third-Country Investment Services
The European Commission (EC) has proposed a limit on the way in which companies offering investment services without a physical European Union presence will be able to operate.
Chapter IV of the proposed review of the Markets in Financial Instruments Directive (Mifid II), “Provision of services by third-country firms,” will now require firms from non-member states, known as third countries, that want to provide investment and ancillary services within the European Union to establish a physical
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