The Directive 2014/65/EU of 15 May 2014 (MiFID II) and Regulation (EU) No 600/2014 of 15 May 2014 (MiFIR) aim to close the gaps in financial market regulation revealed by the 2008 financial crisis. More specifically, these instruments aim to adapt the legislation to changes in financial markets since Directive 2004/39/EC on markets in financial instruments (MiFID), both financially and technologically, and to make financial markets more resilient and transparent, while strengthening investor protection and providing authorities with more effective supervisory powers. The date of application of the new regulatory framework is set for 3 January 2018.


16/43 - 13 December 2016 : Communication regarding Article 26 (Obligation to report transactions) of MiFIR