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After a lengthy legislative process, the so-called “quick fix” amendments to MiFID II entered into force on 27 February 2021. The amendments form part of a wider Covid-19 market recovery package which also includes amendments to the Prospectus Regulation and the securitisation regime. The changes to the MiFID II Level 1 text comprise of relaxations to investor protection measures and the position limits regime for commodity derivatives. Pending any forbearance measures in the interim, the changes will apply from 28 February 2022.
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