Amended and new rules
On 20 October 2011, the European Commission published proposals
for "MiFID II". In November 2007, the rules implementing
the Markets in Financial Instruments Directive ("MiFID")
came into force in the Netherlands. These rules have been
implemented in the Dutch Financial Supervision Act (Wet op het
financieel toezicht, "Wft"). The proposals of the
European Commission provide for a revision of certain MiFID-rules
and the introduction of new rules. (On the same day, the European
Commission published its proposal for amendment of the Market Abuse
Directive; please click
here for our newsletter on this proposal.)
The proposals consist of an amendment of MiFID itself by a
directive as well as a proposal for a new regulation (referred to
as "MiFIR"). These proposals will now go to the European
Parliament and the European Council. It is the intention that MiFID
II and MiFIR will enter into force in 2013. The amendments to MiFID
will subsequently
