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ARTICLE · 22 JUNE 2017

EU MiFID | In Brief

AGPLAW | A.G. Paphitis & Co. LLC
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It enhances the ability for cross-border trading in the EU and provides better protection for investors- Investment Services ‘passport' to market transparency.

European UnionFinance and Banking
AGP Law/ A.G. Paphitis & Co. LLC
AGP Law/ A.G. Paphitis & Co. LLC
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EU MIFID: Markets in Financial Instruments Directive in brief with a focus on retail clients

Objectives of MIFID

MIFID is a cornerstone of the EU's Financial Services Action Plan (FSAP) to create a single market in financial services by 2010. It enhances the ability for cross-border trading in the EU and provides better protection for investors- Investment Services 'passport' to market transparency.

So what is its scope?

Most types of firms across the industry in a wide variety of sectors (investment banking, asset management, exchanges) are affected by MIFID. Among them are Retail Banks and Insurance Firms conducting securities business and regulated markets and investment exchanges. MIFID increases the scope of existing regulation from transferable securities to derivatives and commodities.

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