By Tamasin Little, Karen Butler and Charlotte Collins King & Wood Mallesons’ London office

little_tbutler-libdeh_kAt present, there is no harmonised third country regime under MiFID. Member States have discretion as to whether and how they allow third country firms (that is, non-EU firms) to access the EU market. MiFID II aims to create a more harmonised approach, by introducing two new options for third country firms. Which option is most relevant for a firm depends on the firm’s client base.

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