On 15 May 2014, the European Union adopted Directive 2014/65/EU (Markets in Financial Instruments Directive II – MiFID II) and Regulation (EU) No 600/2014 (MiFIR), which, in conjunction with their delegated acts, are jointly referred to as the ‘MiFID II framework’, with effect from 3 January 2018.
The MiFID II framework aims to enhance the efficiency, resilience and integrity of financial markets, in particular by:
- achieving greater transparency;
- attracting more trading to regulated trading venues;
- fulfilling of the Union commitments in the context of G20 regarding derivatives;
- facilitating access to funds for SMEs;
- enhancing investor protection;
- monitoring of technological developments;
- introducing provisions for impartial access to trade services and trade completion in the trading of financial instruments, in particular for financial derivatives;
- strengthening and harmonizing the sanctions as well as ensuring an effective cooperation between the relevant competent authorities.
Precontractual Informational MiFID II Document
Conflict of Interests Policy
Best Execution Policy
Best Execution Report for 2020
