The QCA Markets and Regulations Committee responded to this consultation from the Committee of European Securities Regulators (CESR) that explores what consitutes 'advice' under MIFID. We argued that corporate finance advice and investment advice are qualitatively different and that corporate finance should not be covered by regulations concerning investment advice which relate to what the corporate or individual does with its own resources.
QCA Response to CESR – Understanding the Definition of Advice under MiFID
The QCA Markets and Regulations Committee responded to this consultation from the Committee of European Securities Regulators (CESR) that explores what consitutes 'advice' under MIFID.
