Markets in Financial Instruments Directive (MiFID)

The Markets in Financial Instruments Directive (MiFID) came into effect on 1 November 2007, and replaced the existing Investment Services Directive (ISD).

MiFID has been in force for four years and is the cornerstone of the EU’s regulation of financial markets. On 20 October 2011, the European Commission (EC) adopted a legislative proposal for the revision of MiFID. The proposals take the form of a revised Directive and a new Regulation which together are commonly referred to as ‘MiFID II’.

For information on these new proposals, which are currently going through the legislative negotiation process, and are unlikely to take effect until at least 2015, see our Markets in Financial Instruments Directive II (MiFID II) webpage.

The other content and links on this page relate to the current MiFID framework and rules, which remain in force at the present time.
  

Information in this section

• Background information
  This page explains more about the origins of MiFID, its scope and its impact on firms.
• Key topics
  Here we focus on some of the key topics within MiFID and gathers together the information on them so they are all in one place.
• Cooperation on transposition and implementation
  This section explains how we are working with industry groups to ensure that we discuss key implementation issues and related policy thinking and to help formulate proposals before consultation. It also explains the way we are working through CESR to deliver convergent implementation of MiFID across Member States.
• MiFID timetable
  This section sets out the European and Domestic timetable for implementing MiFID.
• Related documents on MiFID
  The key MiFID-related documents.

 

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