In this article, We learn about “Markets in Financial Instruments Directive (MiFID) “.Let’s Go!
Markets in Financial Instruments Directive , commonly referred to as MiFID, is a law established by the European Union for regulatory purposes in the European Economic Area (EEA) member states. All investment services.
The European Economic Area (EEA) brings together European Union (EU) countries and European Free Trade Association (EFTA) members to facilitate participation in European market trade and movement without having to apply to become one of the EU member states.
The Markets in Financial Instruments Directive (MiFID) is a European regulation that aims to increase transparency in financial markets across the EU and standardize the regulatory disclosures required by companies operating in the EU.
The Markets in Financial Instruments Directive (MiFID) aims to increase transparency in financial markets across the EU and standardize regulatory disclosures by companies.
MiFID implements new measures such as pre- and post-trade transparency requirements and sets standards of conduct that financial firms should follow. MiFID has a clear scope and focuses primarily on equities.
The EU hopes that the Directive will help increase competition among investment services, while strengthening consumer protection and providing harmonious regulation for all participating countries.
The directive was drafted in 2004 and has been in force throughout the European Union (EU) since 2007.
In 2018, a new law called MiFID II replaced MiFID.
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