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MiFID II/MiFIR

Revised Markets in Financial Instruments Directive (MiFID II/MiFIR)

The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) regulate the provision of investment services in a multitude of financial instruments at regulated trading venues as well as in over-the-counter OTC trading.

Objective

The new Directive and Regulation will fundamentally transform the European securities market by expanding transparency provisions, strengthening the stability and integrity of the financial market infrastructure, revising the markets’ microstructure (market making, algorithmic trading, requirements regarding the security mechanisms of trading venues and market participants, tick sizes) and improving the quality and availability of market data.

Time line

The Directive and Regulation (Level 1) entered into force on 1 July 2014. The provisions must be transposed into national law by 3 July 2017; the Regulation’s application date is 3 January 2018.

MiFID II/MiFIR: the highlighted parts of the value chain are affected

MiFID II entered into force and EEX is there to help you.

All derivatives contracts are effected and that leads to increased reporting requirements for you. We have built up a unique compliance service framework to meet MIFID II requirements with minimal effort.

MiFID II/MiFIR: Deutsche Börse approved as ARM and APA

BaFin’s approval confirms that Deutsche Börse is compliant with all relevant requirements. As of 3 January 2018, customers will be able to fulfil their MiFID II/MiFIR reporting obligations via the Group’s Regulatory Reporting Hub.

Obtain your LEI now!

ETF

Forthcoming EU regulations, such as MiFID II/MIFIR, will mandate both EU and non-EU market participants to obtain LEIs by 3 January 2018. Why not use our new and simplified LEI issuance process?

Well-prepared for MiFID II with Deutsche Börse Group

Read Eurex’s latest paper on the impact of MiFID II/MiFIR on the derivatives market, in particular on market structure. 

MiFID II: a reform, not a review

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The white paper maps out the key changes and elements of MiFID II. The most immediate point is the demand upon information gathering.

MiFID II solutions

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Our services help our clients to match the transparency and reporting requirements, some of which are highly complex and span regulations, via one Regulatory Reporting Hub.

Videos and webcasts on regulatory topics

Deutsche Börse has developed a series of informative videos and webcasts that provide useful information about the regulatory process.

MiFID II and MiFIR

Trading floor

We provide you with information on the changes to the transparency requirements for pre-trading and post-trading.

Fit for MiFID? Workshop slides now online!

Fit for MiFID

In case you couldn’t join our events across Europe and the US, here are our workshop slides to keep you up to date.

Legal basis

Find the most recent legal text on this regulation here.

Further information