Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-256-750"

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"en.20121026.23.5-256-750"2
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". I voted for the proposal amending and repealing Directive 2004/39/EC on markets in financial instruments. The Markets in Financial Instruments Directive (MiFID) adopted in November 2007 is an important element in the integration of the EU financial markets. It establishes the regulatory framework for the provision of investment services by banks and investment firms and for the operation of trading venues. It also defines the remit of the competent national authorities. Three and a half years after its implementation, we see greater competition between the trading venues of financial instruments, and a larger range of investment options and financial instruments from service providers. This progress completes the technological development of the last few years. The proposed directive amends the specific requirements for the provision of investment services, the scope of exemptions in the current Directive, the authorisation and operation conditions for investment firms, the organisation of trading venues, authorisation of data reporting service providers, the powers of the competent authorities, and the sanctions and rules applicable to third-country firms with a branch in the EU."@en1

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