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Answer :
Final answer:
A) EEA
MiFID's territorial scope is best reflected as global, extending beyond the UK and EU to include the EEA, impacting financial markets worldwide.
Explanation:
Global is the best reflection of the territorial scope of MiFID (Markets in Financial Instruments Directive).
MiFID applies to financial services firms in the EEA (European Economic Area) which comprises the EU countries along with Norway, Iceland, and Liechtenstein. Thus, the territorial scope is broader than just the UK or any specific country.
It is important to understand that MiFID's regulatory framework extends across borders, impacting financial markets globally.
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