THE INVESTMENT SERVICES AND CAPITAL ADEQUACY DIRECTIVES: FURTHER STEPS TOWARDS COMPLETION OF THE SINGLE EUROPEAN MARKET IN FINANCIAL SERVICES
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 April 1995
Abstract
During 1993 Member States of the European Union formally adopted two Directives—the Investment Services Directive and the Capital Adequacy Directive—concerned with the operation of investment business. This paper outlines the provisions contained in these Directives, which have to be enshrined in national law by the end of 1995 at the latest, explaining the role they play within the broader Single Market programme for financial services. A simple ‘cost‐benefit’ analysis of their likely impact, mainly on UK intermediaries, is also provided.
Citation
HALL, M.J.B. (1995), "THE INVESTMENT SERVICES AND CAPITAL ADEQUACY DIRECTIVES: FURTHER STEPS TOWARDS COMPLETION OF THE SINGLE EUROPEAN MARKET IN FINANCIAL SERVICES", Journal of Financial Regulation and Compliance, Vol. 3 No. 4, pp. 358-382. https://doi.org/10.1108/eb024858
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited