No Forward Progress? MiFID sunset clause means continued uncertainty for regulatory status of FX contracts across Europe
By EsqSocial Corporation 05/08/14
In February this year, ESMA sent a letter (the ESMA Letter) to the European Commission asking them to clarify which types of FX contracts fall within the definition of a “financial instrument” under MiFID. Now, five months later, the Commission...
By: Reed Smith