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Joint statement

October 15, 2015

The undersigned national and European associations, while supporting the overall policy objective to improve financial conduct and transparency in Europe, having in mind the G20 principles and the need to preserve the competitiveness of European markets, consider that the final draft level II rules published by ESMA on 28 September 2015 on the recast of the Markets in Financial Instruments Directive 65/2014/EU (MiFID II) are not appropriate and do not reflect the political intentions agreed by the European Parliament and the Council in the primary legislation.

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