EU warns members to enact Mifid law on time

European governments have been warned by the European Commission, October 2006, that they face immediate retaliation by Brussels if they fail to implement on time a European Union directive aimed at creating a seamless, pan-European market for investment firms.

Report of speech by Charlie McCreevy, European Commissioner for Internal Market and Services
'Europe at the leading edge in Financial Services', at the Financial Times / The Banker Awards Dinner, London, 10 October 2006

European Commission: SPEECH/06/583 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/06/583&format=HTML&aged=0&language=EN&guiLanguage=en

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