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.

MiFID II 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 of MiFID II continues to be a pressing issue for many firms.

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

 

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