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May 14

Mifid

Where is MIFID II leading the Asset Management? mifid.

فيديو mifid



For more information on current MiFID see below:

(d) where the firm has only one proprietor, he must make provision for the protection of investors in the event of the firm's cessation of business following his death, his incapacity or any other such event.

These requirements will create considerable cost and development issues for operators of any type of trading venue. MiFID II and MiFIR are due to come into force in January 2017. We can assist your business in preparing for implementation, by reviewing and updating your terms of business and reviewing your disclosure obligations. If you are a platform operator we can advise on your likely obligations and on your best strategy for economic compliance.



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Useful links

The Proposal for a revised Markets in Financial Instruments Directive [PDF]

The Proposal for a Markets in Financial Instruments Regulation [PDF]

Summary of the MiFID II proposals

European Commission Public Consultation: Review of the Markets in Financial Instruments Directive [PDF]

Final UK MiFID consultation response (HM Treasury / FSA) [PDF]

MiFID Level 2 Directive (Directive 2006/73/EC) [PDF]

MiFID Level 2 Regulation (1287/2006) [PDF]

MiFID Level 1 Directive (Directive 2004/39/EC) [PDF]

UK response to the European Parliament consultation on the MiFID II proposals [PDF]

Useful links The Proposal for a revised Markets in Financial Instruments Directive [PDF] The Proposal for a Markets in Financial Instruments Regulation [PDF] Summary of the MiFID II proposals European Commission Public Consultation: Review of the Markets in Financial Instruments Directive [PDF] Final UK MiFID consultation response (HM Treasury / FSA) [PDF] MiFID Level 2 Directive (Directive 2006/73/EC) [PDF] MiFID Level 2 Regulation (1287/2006) [PDF] MiFID Level 1 Directive (Directive 2004/39/EC) [PDF] UK response to the European Parliament consultation on the MiFID II proposals [PDF]

The original Markets in Financial Instruments Directive (MiFID) was implemented in November 2007. It introduced competition to the EU trading landscape and provided a ‘passport’ for trading venues and investment firms to operate throughout Europe on the basis of authorisation in their home Member State (MS). It also introduced various investor protection measures. MiFID has been in force for four years and is the cornerstone of the European Union’s regulation of financial markets.

On 20 October 2011, the European Commission (EC) adopted a legislative proposal for the revision of MiFID. The proposals take the form of a revised Directive and a new Regulation, which together are commonly referred to as ‘MiFID II’.  The new proposals are designed to take into account developments in the trading environment since the implementation of MiFID in 2007, including advances in technology and gaps in transparency to investors and regulators. It is also a response to the financial crisis.

The proposals are now with the European Parliament (EP) and the Council of the European Union for discussion. A final agreement between the legislative bodies on the Level I proposals is expected by the end of 2012. Implementation of the new measures is not expected until at least 2015.

For more information on current MiFID see below:

Source: http://www.fsa.gov.uk/about/what/international/mifid


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