The European Financial Services Sector regulatory landscape for 2016

In a short article it is not possible to be totally comprehensive about everything that the regulators are focused on, and which might affect you, in the year ahead but here are some of the bigger issues of which to be mindful.

The Market Abuse Directive 2 (MAD 2) and the Market Abuse Regulation (MAR) will mostly come into force during 2016. The majority of the provisions in this legislation will come into force on 3 July 2016. MAR and MAD 2 extend the scope of the regime and will cover all financial instruments which will be within scope of MIFID 2. However, as MIFID 2 will not be in force until, probably, January 2018 the implementation of MAR and MAD 2 will, in the first instance, ensure that the regime extends to all financial instruments currently within the scope of MIFID as currently in force. The new regime impacts a range of firms but commodity firms in particular should consider it because of changes that will bring more commodity instruments within scope. Anyone trading financial instruments in EU financial markets should ensure that they are compliant. One consequence of the new law is that the UK’s Code of Market Conduct is likely to become guidance and lose its binding legal status.

Read the full article below:

The European Financial Services Sector regulatory landscape for 2016 | Insights | DLA Piper Global Law Firm

In a short article it is not possible to be totally comprehensive about everything that the regulators are focused on, and which might affect you, in the year ahead but here are some of the bigger issues of which to be mindful.


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