Following the European Parliament vote which approved the draft legislative texts of the Markets in Financial Instruments Directive (recast) and the Markets in Financial Instruments Regulation (MiFIR) (together MiFID II), the European Commission has published a statement and a memo containing FAQs.

In the statement, it is noted that MiFID II must be formally adopted by the Council of the EU. The publication of MiFID II in the Official Journal of the EU is foreseen for Q2 2014 with entry into application 30 months later.

View Markets in Financial Instruments Directive (MiFID II): frequently asked questions, 15 April 2014

View More transparent and safer financial markets: European Commission welcomes European Parliament vote on updated rules for Markets in Financial Instruments (MiFID II), 15 April 2014