Mifid timetable is “ambitious and unrealistic”

Author: | Published: 9 Dec 2010

The European Commission’s goal to have final proposals in place for amendments to the Markets in Financial Instruments Directive by May 2011 is overambitious considering the depth of work required, say lawyers.

“It’s got a very ambitious timetable that I think is also fairly unrealistic,” said Patricia Horton, a professional support lawyer at Herbert Smith in London. “If you look at the length of this document and how many proposals there are...