Markets in Financial Instruments Directive (MiFID)
Introduction The Markets in Financial Instruments Directive (MiFID) is arguably ‘the most significant European Union legislation for investment intermediaries and financial markets since 1995‘[1]. In effect MiFID is succeeding the now outdated and flawed Investment Services Directive (ISD) (Directive 93/22/EEC) and aims to create a harmonised and holistic approach which is lacking in the ISD; this includes expanding regulation to financial service areas such as […]