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ARTICLE · 08 FEBRUARY 2008

Implementation Of The Markets In Financial Instruments Directive

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Cyprus has now passed the necessary legislation to implement Directive 2004/39 and Directive 2006/31.

CyprusStrategy
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This article appeared in International Company and Commercial Law Review, Issue 4 of 2008. It is reproduced by kind permission of the publisher, Sweet & Maxwell Limited.

Cyprus has now passed the necessary legislation to implement Directive 2004/391 and Directive 2006/31.2 Together, these Directives establish a comprehensive regulatory framework for the execution of transactions on behalf of investors by stock markets, alternative trading systems and investment firms, with the objective of protecting investors, developing a single market in investment services across the European Union, and promoting fair and transparent integrated financial markets.

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