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The Market in Financial Instruments Directive (MiFID) is the regulatory legislation for firms offering financial instruments to clients. It focuses on firms providing services in shares, bonds, units in collective investment schemes and derivatives.
MiFID II definition
The Market in Financial Instruments Directive (MiFID) is the regulatory legislation for firms offering financial instruments to clients. It focuses on firms providing services in shares, bonds, units in collective investment schemes and derivatives.
After the 2008 financial crisis, a revised framework was created for MiFID, known as MiFID II. It includes updated regulations with a specific focus on improving the functioning of financial markets. The changes are expected to be introduced from 3 January 2017.
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