EU Hits 19 States With Infringement Probes For MiFID Failings
By Mark Taylor (October 18, 2017, 12:42 PM BST) -- European Union officials have launched infringement proceedings against 19 member states for allegedly failing to properly implement a major set of rules for the bloc's financial services sector which go live in January, a spokeswoman for the European Commission said Wednesday.
Belgium and France are among 19 EU states which face infringement proceedings by the European Commission. (AP) The spokeswoman said the commission had written to the states and was considering their responses before deciding what further steps to take, and would give no further comment. A commission official later told Law360 the 19 states have two months from the receipt of...
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