Regulators: Don't Risk Reporting Late Under MiFID II
French and Dutch regulators, speaking at Paris Regulation Roadshow, say they aim to educate rather than punish
Data reported to regulators under the Markets in Financial Instruments Directive (MiFID II) doesn't have to be perfect, at least not at first, but woe betide those firms that are late with their reporting.
This was the strong message from Wouter van Bronswijk, senior supervisor at the Netherlands Authority for Financial Markets (AFM), the Dutch regulator. He was addressing delegates, mainly investment firm representatives, at the Paris Regulation Roadshow, an event hosted by Inside Reference
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