1. Passport control.
- Author
-
Heard, David
- Subjects
- *
TRADE regulation , *INVESTMENT laws , *FINANCIAL services industry , *FINANCIAL institutions - Abstract
The article presents the Markets in Financial Instruments Directive (Mifid) in Great Britain. It is one of the most significant changes in the European Union's (EU) financial services regulatory environment. It will be integrated further in EU financial services market using the cross-border passport mechanism. Firms that previously relied on Investment Services Directive (ISD) will be replaced by Mifid which distinguishes between services passport and a branch passport.
- Published
- 2007