Regulation vs Directive

Anne PlestedI read on Tabb Forum that MiFID is looking like changing from a Directive to Regulation, although I have not seen this officially stated anywhere yet.

MiFID could thus become the Markets in Financial Instruments Regulation.

As a piece of regulation, and not a directive, ‘MiFIR’ would be implemented centrally from Brussels rather than being allowed to be individually (and less uniformly) implemented by national regulators.

Since 2007 some European states have diluted the MiFID directive, whilst others seem almost to have ignored it completely! This is something that would not be tolerated under EU Regulation.

2 Responses to “Regulation vs Directive”
  1. steve grob says:

    maybe Spain will have to play by the same rules as everyone else in Europe then

  2. Ana Herrero-Wallace says:

    Yes, Spaniards will hopefully wake up from their long siesta and realise that things will eventually have to change.
    I advised my Spanish dad he should invest some money into the Ibex 35, the Spanish index. Greater regulation might translate to lower trading fees. This could mean more optimistic international sentiment, as the Spanish equity markets slowly attempts to fragment. Perhaps that, combined with the fact that national elections have been called early, and the potential change of government could bring a little light and sense to this country. I remain somewhat bullish, even though I might lose my inheritance over it!

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