On 1 November 2007, the Markets in Financial Services Directive will enter into force. The European Commission looks forward to the onset of this landmark law, which will play a central role in creating a robust, common regulatory framework for Europe's securities markets.
Internal Market Commissioner Charlie McCreevy said: "MiFID is a ground-breaking piece of legislation. It will transform the landscape for the trading of securities and introduce much needed competition and efficiency”, McCreevy said. “I would like to urge those Member States who have not transposed to hurry up – such lack of action will damage their own firms", he added.
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