Client classification proves Mifid’s macro goals

Author: | Published: 16 Dec 2010

Subtle changes to the Markets in Financial Instruments Directive’s (Mifid) rules on client classification prove the EC is taking a clear stance on regulation, and isn’t 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...