The European Commission launched its consultation on the review of the Markets in Financial Instruments Directive (MiFID), which provides a comprehensive framework for investment firms offering services in relation to financial instruments, as well as rules to protect investors. The review is targeted at addressing all of the areas where shortcomings have been revealed or improvements are needed.

Responding to today’s consultation, Guy Sears, Director of Wholesale at the IMA, said:

"We will continue to support the changes in MiFID proposed to introduce a comprehensive PRIPs (Packaged Retail Investment Products) regime for European investors. A single market across Europe is a key priority for our members, as it will enable consumers to make informed choices across all investment products.“

Press release