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ARTICLE · 03 JANUARY 2017

Implementing MiFID II In Germany: Second Time Around

Taylor Wessing
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The Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) were adopted in May 2014.

GermanyFinance and Banking
Till Otto
Till Otto

Summary

The Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) were adopted in May 2014. They were originally to come into force on 3 January 2017. The start date was postponed by a year, to 3 January 2018, after European legislators acknowledged that the industry needed more time to prepare itself for the new regime.

After one false start, the German Federal Ministry of Finance is once again implementing the provisions of MiFID II and accompanying MiFIR.

The new laws will result in significant changes for investment firms, credit institutions and other companies that provide financial services to clients within Germany.

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