Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline
Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline

The following Financial Services guidance note provides comprehensive and up to date legal information covering:

  • Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • more

Since 2007, the Markets in Financial Instruments Directive (MiFID) had increased competition and innovation, leading to better services and protection for investors in Europe. Even though MiFID I had only applicable for a relatively short number of years, the Commission proposed introducing MiFID II (Directive 2014/65/EU) and the Markets in Financial Instruments Regulation (MiFIR) (Regulation (EU) 600/2014) as a result of a more complex European market with increasingly diverse financial instruments and methods of trading. MiFID II and MiFIR, which were published in the Official Journal of the EU (OJ) on 12 June 2014 and came into force on 2 July 2014, repealed and recast MiFID I. Member states were to adopt measures transposing the MiFID II Directive into national law by 3 July 2017, and apply them by 3 January 2018.

2020

Date Source Document Description
10 March 2020 ESMA Consultation Paper: MiFID II/ MiFIR review report on the transparency regime for non-equity instruments and the trading obligation for derivatives (ESMA70-156-2189) The European Securities and Markets Authority (ESMA) launched a consultation paper reviewing the transparency regime for non-equity instruments