This year will see a wide scale review of MiFID, as promised by ex-internal market and services commissioner Charlie McCreevy last September (see our coverage here), but, in the meantime, the Committee of European Securities Regulators (CESR) has published an update on assessment criteria for MiFID pre-trade transparency waivers. The update follows the joint process launched by the regulator in February last year and includes information on new assessments made at CESR level regarding an application for a waiver to be granted on the basis of the MiFID Implementing Regulation that CESR considered not to be compliant with MiFID.

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