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). These measures, together with the decisions adopted pursuant to them, are collectively referred to as the “MiFID II framework”, with effect from 3 January 2018.
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MiFID II is an important legislative framework that improves the efficiency, resilience and integrity of financial markets in Europe by focusing on transparency, investor protection and effective market regulation.
How do you benefit?
It increases transparency in financial markets.
Ιt encourages more trading on officially regulated venues.
It fulfils the EU’s commitments on derivatives, in line with the G20 guidelines.
It facilitates access to capital for small and medium-sized enterprises.
It strengthens investor protection.
It keeps abreast of technological developments.
It establishes provisions for fair access and harmonizes sanctions to ensure effective cooperation between competent authorities.