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Carolyn Jackson Quoted on ESMA Delay for MiFIDII

Firm News | October 3, 2017

Financial Services partner Carolyn Jackson was quoted by Risk.net regarding the potential for uncertainty stemming from European Securities and Markets Authority's (ESMA) recent announcement that "will temporarily leave parts of a wide-ranging overhaul of securities and commodities markets regulation to national authorities" when the new rules go into effect in January 2018. Carolyn noted that confusion on position limits could become an issue, stating, "There is the potential for the limits to change. There's a difference between having reviewed the limits once and letting them go through and having not reviewed them at all." ("ESMA Delay Brings Confusion to Transparency and Position Limits," October 2, 2017)