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MiFID / ISD

30.07.2010Public hearing on the “Review of the Markets in Financial Instruments Directive (MiFID)”

The European Commission (DG Internal Market and Services) held a public hearing on the review of the Markets in Financial Instruments Directive 2004/39/EC (MiFID) on 20–21 September 2010 in Brussels.

01.12.2008Summary of the “MiFID one year on” conferencepdf Choose translations of the previous link , 13.11.2008, Brussels
04.11.2008MiFID Transposition Quality Check
Results of call for evidence from market participants
29.10.2007Investment services: entry into force of MiFID a boon for financial markets and investor protection
18.06.2007Commission publishes a response to CESR to certain questions relating to supervision of branchespdf Choose translations of the previous link 
26.04.2007Commission publishes response to CESR to certain questions relating to best executionpdf Choose translations of the previous link 
27.04.2006Directive 2006/31/EC of the European Parliament and of the Council of 5 April 2006 amending directive 2004/39/EC on markets in financial instruments, as regards certain deadlines, has been published.
16.03.2006Mergers and acquisitions in the financial sector: Commission asks for industry’s views on how to improve supervisory approval process (IP/06/320)
14.06.2005Proposal for a directive extending the transposition and application deadlines for Directive 2004/39/EC on Markets in financial Instruments (MiFID)
25.06.2004Formal mandate to CESRpdf Choose translations of the previous link 
27.04.2004Final adoption of Directive is boost for investment firms and their clients
30.03.2004European Parliament approval of proposed Directive brings integrated capital market nearer
20.01.2004Provisional request for technical advice on possible implementing measures on the future Directive on “Financial Instruments Markets”
07.10.2003Council agreement is major step towards integrated EU equities market
25.09.2003Commission welcomes European Parliament backingfor proposed Directive
19.11.2002Proposed new Directive would protect investors and help investment firms operate EU-wide
24.04.2002Results of the hearing held on 22 April 2002
25.03.2002Second open consultation on Investment Services Directive
13.09.2001Open hearing
24.07.2001Open consultation on Investment Services Directive
26.04.2001Commission proposes a Directive on prudential supervision of financial conglomerates.
23.01.2001Banking Supervision: reform of the capital adequacy framework
19.12.2000Commission launches consultations on regulation of conglomerates.
16.11.2000

Implementing measures

10.09.2006Publication in Official Journal of implementing measures under the Markets in Financial Instruments Directive (“MiFID”)
04.04.2006Commission publishes consultation responses received during public consultations in 2005 on DG Internal Market Services’ working documents on the possible implementing measures under the Directive 2004/39 on Markets in Financial Instruments (ESC working documents ESC/7/2005rev2, ESC/17/2005rev1, Supplement to ESC/17/2005rev2, ESC/20/2005rev 1 and ESC/23/2005rev 1). Confidential responses are not included.
06.02.2006Commission releases draft implementing measures for Markets in Financial Instruments Directive (Directive 2004/39/EC)
29.09.2005DG Internal Market Services’ revised working document on the implementation of Articles 4 (1) (4), 4 (1) (17), 19 (1) - (8), 21, 22 and 24 of the Directive 2004/39/EC
DG Internal Market Services’ revised working document on investment research, supplement to working document ESC/17/2005 on organisational requirements
27.09.2005DG Internal Market Services’ revised working document on the implementation of Articles 25 and 58 of the European Parliament and Council Directive 2004/39/EC
DG Internal Market Services’ revised working document on the implementation of Articles 13 and 18 of the European Parliament and Council Directive 2004/39/EC
DG Internal Market Services’ revised working document on the implementation of Articles 22(2), 27 - 30, 40 and 44-45 of the European Parliament and Council Directive 2004/39/EC
06.09.2005DG Internal Market Services’ revised working document on the implementation of Articles 25 and 58 of the European Parliament and Council Directive 2004/39/EC
DG Internal Market Services’ revised working document on the implementation of Articles 13 and 18 of the European Parliament and Council Directive 2004/39/EC
DG Internal Market Services’ revised working document on the implementation of Articles 22(2), 27 - 30, 40 and 44-45 of the European Parliament and Council Directive 2004/39/EC
DG Internal Market Services’ revised working document on the implementation of Articles 4 (1) (4), 4 (1) (17), 19 (1) - (8), 21, 22 and 24 of the EuropeanParliament and Council Directive 2004/39/EC
29.07.2005DG Internal Market Services’ revised working document on the implementation of Articles 22(2), 27 - 30, 40 and 44-45 of the European Parliament and Council Directive 2004/39/EC.
18.07.2005

Consultation on a fourth working document on the markets in financial instruments, Directive (MiFID) and on a working document on investment research.

Interested parties are invited to send their comments to these working documents by 15th September 2005

DG Internal Market Services’ working document on the implementation of Articles 4 (1) (4), 4 (1) (17), 19 (1) - (8), 21, 22 and 24 of the EuropeanParliament and Council Directive 2004/39/EC
DG Internal Market Services’ working document on investment research, supplement to working document ESC/17/2005 on organisational requirements
DG Internal Market Services’ Explanatory note and Annex to the explanatory note to working document ESC/23/2005 and to the addendum to working document ESC/17/2005
20.06.2005Directive on markets in financial instruments (“MiFID”): Commission extends transposition deadline and continues consultation on implementing measures
DG Internal Market Services’ revised working document on the implementation of Articles 13 and 18 of the European Parliament and Council Directive 2004/39/EC
17.06.2005DG Internal Market Services’ working document on the implementation of Articles 22(2), 27 - 30, 40 and 44-45 of the European Parliament and Council Directive 2004/39/EC

Interested parties are invited to send their comments to the working document by 16 August

19.05.2005DG Internal Market Services’ revised working document on the implementation of Articles 25 and 58 of the European Parliament and Council Directive 2004/39/EC

DG Internal Market Services’ working document on the implementation of Articles 13 and 18 of the European Parliament and Council Directive 2004/39/EC

Interested parties are invited to send their comments to the working document on the implementation of Articles 13 and 18 by 17 July.

16.03.2005DG Internal Market Services’ working document on the implementation of Articles 25 and 58 of the European Parliament and Council Directive 2004/39/EC

List of regulated markets

21.12.2010Annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
11.07.2009Annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
08.11.2008Corrigendum to the annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
04.11.2008Annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
17.04.2008Corrigendum to the annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
01.03.2008Annotated presentation of regulated markets and national provisions implementing relevant requirements of MiFID (Directive 2004/39/EC of the European Parliament and of the Council)
22.02.2007Annotated presentation of regulated markets and national provisions implementing relevant requirements of the investment services directive (ISD) (Council Directive 93/22/EEC)
05.12.2005Annotated presentation of regulated markets and national provisions implementing relevant requirements of ISD (93/22/EEC)
12.10.2004Annotated presentation of regulated markets and national provisions implementing relevant requirements of the investment services directive (ISD) (Council Directive 93/22/EEC)pdf Choose translations of the previous link 
17.02.2004List of regulated markets under Article 16 of the investment services directive (ISD) (Council Directive 93/22/EEC)

Reports required by MiFID

Article 65 of the MiFID requires the Commission to report to the European Parliament and to the Council – on the basis of public consultations and in the light of discussions with competent authorities – on a number of issues.

22.09.2008Background document for public hearing on commodity derivatives - Brussels, 25 September, 2008pdf
05.08.2008Open Hearing on Commodity Derivatives - Brussels, 25 September, 2008
08.07.2008Commission services publish the report from the European Securities Markets Expert Group (ESME) on commodity derivatives and related businesspdf Choose translations of the previous link .
03.04.2008Commission services publish the report on non-equities market transparency in accordance with Article 65(1) of MiFIDpdf Choose translations of the previous link .
21.12.2007The Commission services publish a mandate to the Committee of European Securities Regulators and the Committee of European Banking Supervisors for advice on commodity and exotic derivatives and related businesspdf Choose translations of the previous link .
21.12.2007The Commission services publish a mandate to the Committee of European Securities Regulators and European Regulators’ Group for Electricity and Gas for advice on commodity and exotic derivatives and related businesspdf Choose translations of the previous link .
21.12.2007The Commission services publish a mandate to the European Securities Markets Expert Group for advice on commodity and exotic derivatives and related businesspdf Choose translations of the previous link .
09.10.2007Public hearing on non-equities markets transparency, Brussels, 11.09.2007 (report)pdf Choose translations of the previous link 
14.09.2007Public hearing on non-equities markets transparency, Brussels, 11.09.2007 (proceedings)
05.09.2007Background document for public hearing on non-equities markets transparency, Brussels, 11.09.2007pdf Choose translations of the previous link 
14.08.2007Commission services publish feedback statement on commodity and exotic derivatives and related businesspdf Choose translations of the previous link 
14.08.2007Public hearing on non-equities markets transparency, Brussels, 11.09.2007 (programme)pdf Choose translations of the previous link 
08.08.2007Commission services publish CESR’s response to the Commission request for initial assistance on commodity and exotic derivatives and related businesspdf Choose translations of the previous link 
19.07.2007The Commission services publish the report from CESR on non-equities market transparencypdf Choose translations of the previous link 
11.07.2007The Commission services publish the report from the European Securities Markets Expert Group (ESME) on non-equities market transparency.
15.06.2007Commission services publish consultation responses received during Call for evidence on commodity and exotic derivatives and related business. Confidential responses are not included.
12.04.2007The Commission approves the Final report of the European Commission on the continued appropriateness of the requirements for professional indemnity insurance imposed on intermediaries under Community law
12.04.2007The Commission services publish a summary of comments received in consultation on the draft report on the continued appropriateness of the requirements for professional indemnity insurance imposed on intermediaries under Community law.
13.03.2007The Commission services publish mandate to the Committee of European Securities Regulators for advice on Commodity and exotic derivatives and related business
08.12.2006The Commission issues call for evidence on Commodity and exotic derivatives and related business
29.11.2006The Commission services publish mandates to the Committee of European Securities Regulators and European Securities Markets Expert Group for advice on non-equities market transparency.
13.11.2006Commission services publish feedback statement on transparency in bond markets and other non-equity markets
28.09.2006Commission publishes consultation responses received during call for evidence on transparency in bond markets and other non-equity markets. Confidential responses are not included.
14.08.2006Commission publishes draft report on the continued appropriateness of the requirements for professional indemnity insurance imposed on intermediaries under Community law.
22.06.2006Commission publishes Member States’ responses to the questionnaire concerning the report on the continued appropriateness of the requirements for professional indemnity insurance imposed on intermediaries under Community law.
12.06.2006Commission issues call for evidence on transparency in bond markets and other non-equity markets