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Level 2 Measures Offer Up Clarification on Broad Swathe of Implementation Issues

The publication of the Level 2 implementing measures for MiFID earlier this month contained no major surprises, most commentators agreed. It did, as expected, however, offer clarification around certain key concerns with respect to implementation, and was widely praised for its more pronounced lean toward ‘directive’ rather than ‘regulation’, offering less room for confusion later when the measures are finally implemented.



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