MIFID II Explained: What you Need to Know

Share:

Share on facebook
Share on twitter
Share on linkedin

Copied!

To support Asset Managers with MiFID II Challenges, we have put together a quick update to cover all questions regarding the changes.

 

MiFID in a nutshell

 

The ‘Markets in Financial Instruments Directive’ came into force in 2007 (“MiFID I”).

 

  • Its primary goals were to foster harmonized functioning of financial markets, increase competition between new categories of trading venues and enhance Investor protection.
  • As an EU Directive, it required transposition into national laws with the option to raise standards locally.
  • Following the global financial crisis, the European Commission reviewed the MiFID framework and issued the MiFID II law and the MiFIR:
  • “MiFID II” refers to a revision of the Directive effective from January 2018 through national laws;
  • The Markets in Financial Instruments Regulation (MiFIR) is the actual Regulation that will be directly effective without national transposition. This will ensure that a “maximum harmonization” framework is implemented.
  • The Directive and Regulation now have fewer exemptions and the original scope of the MiFID has been expanded to cover a larger group of companies and financial products.

 

Click Here to read the full online brochure explaining the directive and how it might effect your fund.

Share:

Share on facebook
Share on twitter
Share on linkedin

Get in touch with our team

Submit your query

Cookie control
This website uses cookies so that we can make your experience better. If you wish to change your cookie settings please refer to our Privacy Policy. Otherwise we will assume you’re OK to continue. Privacy Policy