MiFID II level 1 roadmap
MiFID II level 1 roadmap

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

  • MiFID II level 1 roadmap
  • Introduction to the MiFID II level 1 roadmap
  • Amendments to MiFID II
  • Transfer of DRSP powers to ESMA
  • Proposed changes to encourage SME Growth Markets
  • Changes to third-country regime and prudential requirements for investment firms
  • Title I: Scope and definitions
  • Title II: Authorisation and operating conditions for investment firms
  • Chapter I: Conditions and procedures for authorisation
  • Chapter II: Operating conditions for investment firms
  • More...

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

Introduction to the MiFID II level 1 roadmap

The recast Markets in Financial Instruments Directive (2014/65/EU) (MiFID II) and new Markets in Financial Instruments Regulation (600/2014) (MiFIR) were published in the Official Journal of the European Union (EU) on 12 June 2014 and entered into force on 2 July 2014. MiFID II and MiFIR significantly amend and expand the regulatory framework that was established by the Markets in Financial Instruments Directive (2004/39/EC) (MiFID I). As amended, the majority of the new Directive and Regulation came into effect on 3 January 2018, and EU Member States had until 3 July 2017 to transpose the provisions of MiFID II into national law.

This database provides an article-by-article roadmap of MiFID II, with the following information for each article:

  1. article heading and number

  2. corresponding provisions of MiFID I, the MiFID I Implementing Directive (Commission Directive 2006/73/EC) and the MiFID I Implementing Regulation (Commission Regulation (EC) 1287/2006

  3. whether

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