Title
(Non-)complexity through the eyes of MiFID (Non-)complexity through the eyes of MiFID
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Boston, Mass. ,
Subject
Economics
Law
Source (journal)
European journal of law and economics. - Boston, Mass., 1994, currens
Volume/pages
37(2014) :3 , p. 477-488
ISSN
0929-1261
1572-9990
ISI
000336273900008
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
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.
E-info
https://repository.uantwerpen.be/docman/iruaauth/7f48a1/feb7700.pdf
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Handle