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by Colin Packham, Sydney
Qatar Investment Authority has withdrawn its application to buy Swedish exchange OMX, removing the final obstacle to the sale of OMX to Borse Dubai.
The sovereign fund acquired a 10% stake in OMX...
"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.