Rethink of Mifid, MAR extraterritorial impact ‘on the table’
Brexit could lead to firms facing different compliance requirements on the same trades
Problems associated with the extraterritorial reach of European Union market abuse rules will be tackled in due course, according to a Spanish regulator. Rodrigo Buenaventura, general director of markets at the Comisión Nacional del Mercado de Valores (CNMV), told an online conference that regulators were aware of the difficulties with the Market Abuse Regulation (MAR) and second Markets in Financial Instruments Directive (Mifid II).
“We need to look at this [extraterritorial scope] in a MAR
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