The Markets in Financial Instruments Directive II (MiFID II), effective from January 3, 2018, is a European Union regulation designed to enhance transparency, investor protection, and market integrity across financial markets in the EU. It replaces and expands upon the original MiFID framework established in 2007.
MiFID II applies to
investment firms, trading venues, data reporting service providers, asset managers, and banks operating within the EU. The regulation mandates increased pre- and post-trade transparency, stricter reporting obligations, and stronger safeguards for retail investors.