FRANKFURT, Germany/January 03, 2018(AP)(STL.News)— New regulations to Protect Investors, improve market transparency and honesty and prevent another financial crisis went into effect on Wednesday in Europe.
The rules are more than a million paragraphs long, took six years to write and approve, had to be delayed by a year, and despite Wednesday’s start date still haven’t been passed into national law by more than half the European Union’s 28 member states.
The MiFID II rules, bearing a name only a finance professor could love, will have broad impact on how stocks, bonds and investments are traded.
By Associated Press, published on STL.NEWS by St. Louis Media, LLC (TM)
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