IMF Urges Member States To Adopt Trading Rules

Law360, New York (August 1, 2007, 12:00 AM EDT) -- The International Monetary Fund has urged European Union member states to hasten their implementation of EU share trading rules, claiming that once the policy is in place, it will foster competition and economic growth.

In a report released Tuesday, the IMF said that although the Markets In Financial Instruments Directive, which governs cross-border share trading, goes into effect on Nov. 1, fewer than half of all member states have fully implemented the regulations.

“Accordingly, they emphasized the need for a prompt implementation of the Markets in...
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