MiFID II and Regulatory Updates
From January 2018, just over six years after the European Commission published its initial proposals, the revised Markets in Financial Instruments Directive – better known as MiFID II – will come into effect across all EU member states.
MiFID II is intended to build on MiFID I, with the aim of making financial markets more efficient, resilient and transparent. In addition to extending transparency and competition to other financial instruments, MiFiD II also provides for new customer protections, controls in areas such as algorithmic trading, and the implementation of the G-20 obligations as a result of the 2008 financial crisis and the US ‘flash crash’ of 2010.
The Directive and accompanying Regulation, MiFIR, impose a pre- and post-trade transparency regime on non-equity markets, such as the fixed income and derivatives markets. For investors, the enhanced conduct rules it sets out will lead to significantly increased protection. MiFID II also sets out a range of more prescriptive measures for trading venues’ obligations and arrangements for trade and transaction reports, and publication of real time data.
This webpage has been created to inform you of our approach to deliver MiFID II changes across the MTS Group. For further information on the regulatory structure of the MTS Group, please refer to the MTS Group Regulatory Structure overview.
While this page will be updated periodically, we encourage you to check with each specific MTS Group entity or the Sales Team on a regular basis to keep up to date with the approach we are adopting across the MTS Group.
Please note this information does not represent in any form legal or regulatory advice. Firms are required to seek their own professional advice to ensure compliance with MiFID II.