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for end-users and the reporting of cleared and uncleared derivative transactions by nearly all financial counterparties …. The major differences arise with the restrictions on bank proprietary trading, with separation of derivative trading …
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Approved in April 2004, the Directive 2004/39/EC (Markets in Financial Instruments Directive, or MiFID) radically innovates the community legislative framework on the offer of investment services. Notwithstanding the complexity and variety of the issues addressed, the objectives of MiFID are...
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