European Parliament calls for feedback on Mifid II

European ParliamentThe European Parliament has asked the financial services industry for feedback on a revised set of rules for investment services in Europe, the Market in Financial Instruments Directive (Mifid) II proposals.

Aiming to provide further clarity, the proposals are designed to enable greater competition and choice around central clearing, as well as enhancing collateral requirements.

PriceWaterhouse Coopers (PwC), however, warns transaction and trade reporting requirements will squeeze margins and selling certain financial instruments to clients will become more difficult.

The feedback form covers scope, corporate governance, organisation of markets and trading, in addition to investor protection and transparency.

Stakeholders can send their feedback to the European Parliament by 13 January 2012.

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