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Brussels to slacken grip on MiFID advisers

by Alice Murray 5 January 2018

Financial services providers in the private equity industry may enjoy lower compliance costs and administrative burdens under legislative changes put forward by the European Commission. The reform – part of the Capital Markets Union (CMU) project to link EU financial systems – will create a “bespoke” prudential and governance regime for placement agents, portfolio managers and other firms providing MiFID services, replacing existing blanket rules developed with large financial institutions in mind.

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