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ARTICLE · 25 MAY 2021

MIFID II Amendment

Matheson
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The Directive entered into force on 27 February 2021.

European UnionFinance and Banking
Richard Kelly
Richard Kelly
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We have written previously on the European Commission's capital markets recovery package. On 26 February 2021, one of the proposed measures, the Directive amending the MiFID II Directive (2014/65/EU)Opens in new window (the "Directive") to help the EU's economic recovery from the COVID-19 pandemic was published in the Official Journal of the EU.

The Directive entered into force on 27 February 2021 (the day following that of its publication in the OJ). Member states will be required to transpose the Directive into national law within nine months of that date. The measures will become applicable 12 months after the entry into force of the Directive.

The major changes are the following:

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