Publication
Title
(Non-)complexity through the eyes of MiFID
Author
Abstract
The European Commission recently published legislative proposals to reform the Markets In Financial Instruments Directive (MiFID). This note elaborates on the proposed shift in classification of "structured Undertakings for Collective Investment in Transferable Securities (UCITS)". While MiFID I labeled all UCITS "non-complex", MiFID II deems all structured UCITS "complex". We propose a logical and consistent framework to refine this dichotomy and identify a limited number of product types amongst the various kinds of structured investments. The classification is traceable, comprehensible and is proposed as the basis of a "complexity indicator" that surpasses the current generalisation.
Language
English
Source (journal)
European journal of law and economics. - Boston, Mass., 1994, currens
Publication
Boston, Mass. : 2014
ISSN
0929-1261 [print]
1572-9990 [online]
Volume/pages
37:3(2014), p. 477-488
ISI
000336273900008
Full text (Publishers DOI)
Full text (publishers version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Law 
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 03.07.2014
Last edited 04.05.2017
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