摘要：The majority of the new provisions are
concerned with the customer relationship.
Despite the volume of new regulations,
one is often met with the view that the need
for German market participants to adapt in
the wake of the implementation of the MiFID
will be limited, since terms like ¡°best execution¡±
or ¡°execution only¡± as well as the determination
of information requirements have
been known for many years in German supervisory
law. However, this view fails to appreciate
that the MiFID will not only bring
about a multitude of new regulations, but
also a reform in German supervisory law.
