How non-EU firms are side-stepping Mifid II reporting

Author: Lizzie Meager | Published: 26 Apr 2018
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How non-EU firms are side-stepping Mifid II reporting

In-house counsel and stock exchange sources reveal the workarounds third-country firms have found to Mifid II's exhaustive and onerous transparency obligations. From dealing exclusively with Asian subsidiaries of EU firms to making the most of Esma's 2017 venue equivalence admission for shares, trading footprints are changing  Read more...

How MAR’s market sounding rules are damaging deals

Almost two years after implementation, in-house lawyers, bankers and buyside firms reflect on the regime's impact on deals. Call recordings have caused a particular headache with some investors reluctant to provide full feedback, infuriating bankers, but general feeling is that the true impact won't be known until markets move and pre-soundings become even more important  Read more...

Prospectus Regulation drives shift to MTFs

The rules aren't fully effective yet, but they're already prompting some issuers to list on alternative venues over more tightly regulated markets. As senior bankers and lawyers explain here, confusion over risk factors and registration documents, plus the potential liability of getting it wrong, is scaring market participants off  Read more...

Regulation and Brexit turn issuers away from London/EU

Droves of new rules twinned with seemingly unending political uncertainty are deterring both debt and equity issuers from listing in Europe, instead gravitating towards Asia or New York. High yield, medium term note programmes and IPOs are especially affected as first-time issuers opt for the path of least resistance  Read more...


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