Germany, France and Britain seek changes to the new EU securities rules

Germany, France and Britain are seeking amendments to new EU rules that aim to increase transparency in bond trading, arguing that the current proposals could have negative unintended consequences for investors and markets.

In a joint letter to the European Commission, the three countries said the rule changes now proposed could result in “significant negative implications for the proper functioning of these vital markets”.

Conversely, some financial instruments that should face greater transparency have not been included, they said in the letter dated Aug. 25. It was also addressed to the EU securities watchdog, the European Securities and Markets Authority.

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