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SEC Chair Says He Is Bracing For MiFID II Impact

Law360, New York (November 28, 2017, 10:19 PM EST) -- U.S. Securities and Exchange Commission Chairman Jay Clayton on Tuesday said dealing with the looming overhaul of European securities regulations — the new Markets in Financial Instruments Directive — has come to dominate his work lately, and that managing the stateside impact of the changes could prove more important than other items on his regulatory agenda for next year.

Speaking at a hedge fund conference in New York, Clayton said responding to the cross-border impact of the so-called MiFID II that’s taking effect in January has...
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