Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-253-500"
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"en.20121026.23.5-253-500"2
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The Markets in Financial Instruments Directive (MiFID) has been in force since 2007. However, since then, the emergence of new products and the financial crisis of 2008 have exposed weaknesses in the functioning and transparency of those markets, leading to a need to revise the legislation. The new legislation aims to increase the transparency and supervision of markets that are not regulated, OTFs and MTFs, as well as to regulate high-frequency trading, introduce limits on the trading of derivatives, which will now be done on regulated platforms, revise investor protection measures, and consolidate the information and provisions on existing products. Although there is still much to do in terms of financial regulation, this proposal will allow greater regulation of new trading platforms for financial products, which has until now been virtually non-existent. I voted in favour."@en1
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