Friday June 13 2014
News Source: Global Exchanges
Focus: MiFID (Global Exchanges)
Type: General
Country: European Union
Link: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.173.01.0349.01.ENG
Directive on Markets in Financial Instruments repealing Directive 2004/39/EC (MiFID II) and the Regulation on Markets in Financial Instruments (MiFIR) have been published in the EU Official Journal.
Member States have two years to transpose the new rules which will be applicable starting January 2017.
The new framework aims to make financial markets more efficient, resilient and transparent by introducing a market structure which closes loopholes and ensures that trading, wherever appropriate, takes place on regulated platforms.
Click link above for further details.