Red tape hits EU firms as market rules ‘overshoot target’

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Calls grow for tweak to a regulatory regime that has more than 1.7-million paragraphs of text

London — Brussels is preparing to retune some of its Mifid II markets rules from next year, less than three years after implementation, after a wave of criticism from investors and regulators over the effectiveness of the far-reaching legislation.

Policymakers at the European Commission, the executive arm of the EU, are examining targeted technical changes on issues such as the cost and distribution of market data, investor protection rules and research for small companies.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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