Another twist in OMX takeover tale

07 Sep 2007

Just one week after the Swedish financial services regulator, Finninspektionen, found Borse Dubai guilty of breaching Swedish takeover law, the regulator is to investigate OMX after allegations of suspected illegal defensive moves following the takeover bid from Borse Dubai (see FO Week 31/08/07).

The latest battle in the war over control of the Nordic exchange, follows the recent announcement...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.