Subtle changes to the Markets in Financial Instruments
Directives (Mifid) rules on client classification prove
the EC is taking a clear stance on regulation, and isnt
afraid to go beyond technical recommendations.
The working document on Mifid released by the Commission
last Thursday includes measures to readjust the existing client
classification categories. These determine the level of
protection that a buyer will receive.
At the moment, clients are labelled as eligible...