Pegasus - Third country issues
We are a leading international legal practice, operating through a network of offices in Europe, the Middle East and Asia. For further information on our international capability in financial services please refer to our global key contacts card.
Third country matrix
We have produced country specific regulatory Q&As that are intended to give an overview of the key regulatory issues for firms looking to conduct business in a particular jurisdiction. For further information please click on the relevant jurisdiction.
The People's Republic of China
MiFID review - Key issues for non-EU firms
Access of third-country firms into EU markets is not currently harmonised under MiFID, but instead left to the discretion of Member States, subject to the restriction that they do not give third-country firms more favourable treatment than European firms. The Commission suggests introducing a harmonised regime in MiFID under which third-country investment firms and market operators would be able to access the EU only if their home jurisdictions were assessed to impose ‘equivalent’ regulation to the EU regime.
In this briefing note we take a look at the European Commission's legislative proposals for the MiFID review and its implications for non-EU firms.
View MiFID review - Key issues for non-EU firms