Parliament approved MiFID Draft implementing measures
15 June 2006
The European Parliament approved the Commission’s modified draft implementing measures for the MiFID Directive. Parliament's proposed changes have been taken into account by the Commission in its proposal to the European Securities Committee (ESC).
Parliament’s discussions with the Commission focused on the proposed modifications on allowing more flexibility for block trade orders regarding the post-trade transparency requirements, on obliging firms to provide their professional clients with the necessary information, as well as on taking into account the conflicts of interest susceptible of arising within companies.
Other issues under discussion included adjustments to the provisions concerning best execution, protection against Member State gold plating, port-folio management, durable medium, inducement and internal commissions.
ECON Press release
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