The IRSG MiFID Working Group has produced a briefing paper on the third country provisions in the EC Proposal for a revised Markets in Financial Instruments Directive and Regulation (MiFID/MiFIR). It focuses on the implications for EU markets and the EU economy of the third country provisions. To enable international capital flows to continue, both into and out of the EU, significant amendments are needed to the MiFID/R proposals. MiFID/R needs to balance the need for access to international markets with maintaining high standards of investor protection and market integrity within the EU.
You may also be interested in the following related reports:
IRSG briefing on trading transparency and market liquidity in MiFID
IRSG response to the European Commission MiFID proposals
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