MiFID: The Markets in Financial Instruments Directive

The Markets in Financial Instruments Directuve
MiFID

What is MiFID?

The original MiFID regime (which came into effect in November 2007) was focused primarily on the regulation of European financial securities markets and services. The directive had a substantial impact on the financial services industry and fundamentally changed the Conduct of Business rules within EEA jurisdictions. It enhanced competition between trading venues in the EU. A limited review was foreseen in the original legislation for 2010 but the scope has been substantially extended.

Strengthening MiFID

MiFID II will drive fundamental changes in the European securities markets, in parallel with developments underway in the United States and globally. MiFID II builds on the initial MiFID Directive to promote further competition in the European securities market, modernise market structures, increase market transparency, reduce data fragmentation, enhance investor protection and harmonise the regulatory regimes within different EEA jurisdictions.

Extending the scope

MiFID II will also extend the MiFID regime from primarily focusing on equities, to increased requirements for other product classes (e.g. structured deposits), including OTC derivatives and fixed income products, and will cover a broader range of trading venues.



How will MiFID II impact your business? How will MiFID II impact your business? How will MiFID II impact your business? How will MiFID II impact your business? What should you be doing today? What should you be doing today?

How can we help?

We can mobilise the broad range of expertise that you are going to need to tackle MiFID II, and can support you along its full spectrum, across countries in Europe and more widely. We have a profound knowledge of MiFID, having helped a range of financial firms (banks, investment firms, management companies) implement the original regime, and we are experienced in conducting major, cross-border, change programs. We can provide you with access to proven methodologies and tools that will help you:

  • Understand the regulatory rules and guideline
  • Assess the impact of the rules on your strategic priorities and your operations
  • Capture the strategic opportunities and minimise any resultant threat
  • Implement enhanced and compliant processes and procedures
  • Enhance your business processes, IT systems and infrastructure
  • Identify interdependencies with other key regulations
  • Change & project management

Contact one of our industry professionals to discuss your unique business concerns:

Thierry Blondeau

Thierry Blondeau
Regulatory Compliance Advisory Services Leader
Tel: +352 49 48 48 5779


Emmanuelle Henniaux
Regulatory Compliance Advisory Services Partner
Tel: +352 49 48 48 2549


Xavier Balthazar
Regulatory Compliance Advisory Services Partner
Tel: +352 49 48 48 2593


Olivier Carré
Regulatory Compliance Advisory Services Partner
Tel: +352 49 48 48 4171