Lots of Firms May Dodge the Full Brunt of MiFID
- EU Parliament’s Ferber eyes industry’s ‘regulatory arbitrage’
- Tudor, Brevan Howard switched licenses ahead of MiFID II start
SEC Working on Cure for Wall St.'s MiFID Migraine
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Europe’s MiFID II rules haven’t even kicked in, yet policy makers are already busy trying to make sure their oversight of financial markets is up to date.
Recent decisions by two of the world’s biggest hedge funds highlight the huge number of firms that may escape the full brunt of the MiFID II regulations that start on Jan. 3. Tudor Investment Corp. and Brevan Howard Asset Management dropped their MiFID licenses and joined the ranks of about 2,400 alternative investment fund managers that operate under a 2011 law seen as having easier reporting and transparency requirements.