MEPs Outline Reforms to Financial Trading Rules

The Economic and Monetary Affairs Committee of the European Parliament has approved new uniform trading rules intended to apply to the vast majority of financial products and market participants. The proposals will take the form of updates to the current MiFID regime.

Under the proposals, firms structuring investment products will be required to tailor and market them to defined groups of clients. All market players and trading venue operators will also be required to set out criteria for fair and orderly trading, efficient execution of orders and on instruments may be traded on their systems.