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Updated rules for markets in financial instruments: MiFID 2

30.06.2016
A Directive and a Regulation extending the application date of MiFID II and MiFIR by one year have been published in the Official Journal of the European Union. The date of application will be 3 January 2018. The transposition of MiFID II into national laws has also been extended to 3 July 2017. In addition the co-legislators agreed on limited substantive amendments to MiFID II and MiFIR, notably regarding the pre-trade transparency for package transactions, the exemption for non-financial entities dealing on own account and the transparency for securities financing transactions.
18.05.2016
The Commission adopted a delegated regulation supplementing MiFIR. This Regulation aims at specifying, in particular, the rules relating to determining liquidity for equity instruments, the rules on the provision of market data on a reasonable commercial basis, the rules on publication, order execution and transparency obligations for systematic internalisers, and the rules on supervisory measures on product intervention by ESMA, EBA and national authorities, as well as on position management powers by ESMA.
25.04.2016
The Commission adopted a delegated regulation supplementing MiFID II. The regulation aims at specifying, in particular, the rules relating to exemptions, the organisational requirements for investment firms, data reporting services providers, conduct of business obligations in the provision of investment services, the execution of orders on terms most favourable to the client, the handling of client orders, the SME growth markets, the thresholds above which the position reporting obligations apply and the criteria under which the operations of a trading venue in a host Member State could be considered as of substantial importance for the functioning of the securities markets and the protection of the investors.
20.04.2016
The European Commission informed ESMA about its decision to endorse draft regulatory technical standards on the non-equity transparency, the ancillary test and position limits provided that certain changes are made.
07.04.2016
The Commission adopted a MiFID Delegated Directive. The Directive contains provisions on investor protection, notably on safeguarding of clients' funds and financial instruments, product governance and monetary/non-monetary compensation. This is a first level II measure under MiFID II, and will be followed others in the course of the next 3 months:
10.02.2016
Commission proposes to extend by one year the application date for the MiFID II package:
12.06.2014
The Directive on markets in financial instruments (MiFID 2) repealing Directive 2004/39/EC and the Regulation on markets in financial instruments (MiFIR) have been published in the Official Journal of the European Union.
19.05.2014
The Commission sent a mandate to EIOPApdf(43 KB) Choose translations of the previous link  for technical advice on possible delegated acts concerning Directive 2002/92/EC on Insurance Mediation.
16.05.2014
The Commission sent a mandate to EBA for advice on possible delegated acts concerning the Markets in Financial Instruments Directive and Regulation (MiFID 2).
23.04.2014
The Commission sent a mandate to ESMA for advice on possible delegated acts concerning the Markets in Financial Instruments Directive and Regulation (MiFID 2).
15.04.2014
European Parliament adopts the updated rules for Markets in Financial Instruments (MiFID 2)
14.01.2014
The European Parliament and the Council reached an agreement on updated rules for markets in financial instruments, that will improve the way capital markets function to the benefit of the real economy.
20.10.2011
Commission adopts proposals for a Directive on markets in financial instruments repealing Directive 2004/39/EC of the European Parliament and of the Council, and for a Regulation on markets in financial instruments and amending Regulation [EMIR] on OTC derivatives, central counterparties and trade repositories.