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Financial Services: EC Law

Volume 458: debated on Thursday 15 March 2007

To ask the Chancellor of the Exchequer whether he expects the markets in financial instruments directive to be implemented in full in the United Kingdom by the deadline of November 2007. (127333)

The UK was the only major member state to transpose the markets in financial instruments directive by 31 January 2007. This provides the maximum time available for industry and the FSA to prepare for implementation.