Replacing the first iteration of the regulations enacted in 2007, MiFID II will change many aspects of the legislation. Effective from January 3rd, 2018, the new requirements aim at creating a regulated, transparent and accountable financial atmosphere within the EU.
The legislation provides a legislative framework to ensure that financial products are traded on regulated venues, increase transparency of trading, limit speculation on commodities and protect investors through very strict organizational and conduct-of-business requirements. All of this and more, to strengthen market integrity, reduce risk and foster stability in the financial markets.