News | 11.05.19
SEC Defers Enforcement Action Related to EU Regulations
The SEC will extend by three more years an enforcement exemption for broker-dealers who are providing research services mandated by the EU's revised Markets in Financial Instruments Directive (MiFID II). A no-action letter issued Monday keeps broker-dealers from having to register separately as investment advisors to comply with U.S. securities laws when they provide research to European clients. Following the extension, the exemption runs through 3 July 2023.
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