MiFID II

MiFID II/MiFIR is a legislative framework covering the European Union (EU) designed to strengthen investor protection and improve the functioning of financial markets.

MiFID II came into effect on 3 January 2018, replacing MiFID (Market’s in Financial Instruments Directive) which was introduced in 2007.

The directive sets out to:

• Strengthen investor protection
• Move over-the-counter (OTC) trading onto regulated venues
• Improve transparency 
• Ensure fairer, safer and more efficient markets

To achieve this, MiFID II has introduced a broad range of regulatory obligations on financial firms, and while MiFID II is a EU legislation, it impacts firms beyond Europe. 

With over 1.4 million paragraphs, MiFID II is a significant piece of legislation to get to grips with. Working out the full implications continues to be a pressing issue for many firms.

SteelEye was launched to help firms Comply Smarter^TM and provides firms with the tools to meet their Record Keeping, Transaction Reporting and Best Execution requirements under MiFID II. Book a demo to learn more about how SteelEye can help you comply!