The MiFID II Proposals —10 Key Points

On 20 October the European Commission tabled proposals to revise the Markets in Financial Instruments Directive (MiFID). These proposals (known as MiFID II) are intended to:

• Make financial markets more efficient and resilient;

• Take account of technological developments since MiFID was implemented in November 2007;

• Increase transparency of both equity and non-equity markets;

• Reinforce supervisory powers and introduce a stricter framework for commodity derivatives markets;

• Strengthen investor protection.

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