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Other areas to consider


Current MiFID rules

Under MiFID, member states may adopt additional requirements over and above those contained in MiFID in exceptional cases to address investor protection or market integrity issues not addressed in MiFID.


MiFID Level 2 Directive Art. 4

FSA rules


Proposed changes

The Commission noted in its December 2010 consultation  that this option had been used relatively infrequently and proposed to remove it in the interests of ensuring the highest possible standard of investor protection, and the promotion of a single rule book. We anticipate that this will be addressed in Level 2 implementing measures.