We welcome the Commission's proposals and fully endorse the objectives supporting the revision of MIFID.
FESE agrees with many of the improvements proposed by the Commission. At the same time, on a number of other issues, we have significant concerns with the proposals.
We have been active in analysing the implementation issues with MiFID I and have brought several items to the attention of the Commission or the supervisors over the last years which has led to some of the important issues being highlighted in the Review (e.g. the unregulated equity platforms).
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