MiFID II: The Markets in Financial Instruments Directive
Following the global financial crisis, the European Commission (Commission) decided to review the MiFID framework. The resulting revised Markets in Financial Instruments regime (MiFID II/ MiFIR) will be a challenge to all those operating in the European securities markets while presenting significant opportunities as well.
With over two years to prepare and many details still not in place, the temptation is to wait. However, market players should start to understand the MiFID II/ MiFIR regulatory framework/timeline and the impacts on their business to ensure that they are ready for the new regime.