Directive 2014/65/EU on markets in financial instruments (MiFID II)

Overview

The Markets in Financial Instruments Directive II (MiFID II) harmonizes regulation of investment services and trading venues across the EU. It extends pre- and post-trade transparency requirements, introduces position limits for commodity derivatives, strengthens investor protection through enhanced suitability and appropriateness assessments, and regulates algorithmic and high-frequency trading. MiFID II also establishes requirements for product governance, independent advice, and inducements. Directive 2014/65/EU and associated Regulation (EU) 600/2014 apply from 3 January 2018.

This eu directive (32014L0065) is part of the EU’s legal framework governing financial markets. EU financial markets regulation harmonizes rules for investment services, regulated markets, and financial instrument trading to protect investors and maintain market integrity.

Type: EU Directive

CELEX Number: 32014L0065

Date of Effect: See the official publication in the Official Journal of the European Union.

Key Provisions

Directive 2014/65/EU on markets in financial instruments (MiFID II) establishes the core legal framework in this field. For specific provisions, articles, and implementing measures, consult the full text on EUR-Lex.

Significance

This legislation represents a key component of EU law in the area of financial markets. It reflects the EU’s approach to harmonization and regulatory policy within the internal market framework.