What financial instruments are in scope for MiFID II?

What financial instruments are in scope for MiFID II?

MiFID II extends the scope of requirements under MiFID to more financial instruments. Equities, commodities, debt instruments, futures and options, exchange-traded funds, and currencies all fall under its purview.

What are MiFID activities?

MiFID sets out:

• conduct of business and organisational requirements for investment firms;
• authorisation requirements for regulated markets;
• regulatory reporting to avoid market abuse;
• trade transparency obligation for shares; and.
• rules on the admission of financial instruments to trading.

What is the difference between MiFID II and MiFIR?

The main difference between MiFID and MiFIR is that the directive (MiFID) sets out the goals that EU member states should strive to meet, whereas the regulation (MiFIR) imposes rules that all countries must follow. MiFID II is a legislative act that sets out goals that all countries in the EU need to achieve.

Which financial instruments are covered by Mar?

Market manipulation regulations relate to all financial instruments traded on regulated markets, MTFs and OTFs. This includes securities, but also extends to derivative transactions, spot commodity contracts, and market instruments if affected by the price/value of a financial instrument.

What is a regulated market MiFID?

According to MiFID II/MiFIR, a Regulated Market (RM) is a multilateral system that is operated or managed by a market operator and that brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments within the system.

What firms are subject to MiFID?

MiFID II governs the provision of investment services in financial instruments. It applies to investment firms, wealth managers, broker dealers, product manufacturers and credit institutions authorised to carry out MiFID activities.

What is MiFIR and EMIR?

MiFID II and EMIR share the regulatory coverage of the OTC derivatives market. While MiFID II introduces a trade obligation for OTC derivatives as part of its market structure related measures, EMIR addresses the duty for central clearing. In this case, both regulations complement each other.

Are private equity firms subject to MiFID?

MiFID investment firms (other than Exempt CAD firms). In a private equity context, these are typically firms acting as an investment manager (but not an AIFM). These firms will be subject to the entirety of MiFID II.

What markets does the market abuse regulation cover?

The EU Market Abuse Regulation prohibits insider dealing, unlawful disclosure of inside information, and market manipulation. It has significant extraterritorial effect, and applies to instruments listed or traded on a variety of EU venues.

What is Mar in marketing?

The Market Abuse Regulation, introduced in 2016, aims to protect investors by increasing transparency in the financial markets and quelling market abuse.

Which markets are regulated?

Examples of regulatory bodies in the U.S. include the Food and Drug Administration, the Securities and Exchange Commission, and the Environmental Protection Agency.

What is a Markets in Financial Instruments Directive MiFID investment firm?

The Markets in Financial Instruments Directive, commonly known as MiFID, was created by the European Union to standardize regulations for all investment services in the European Union’s financial market. The aim is to increase competition and investor protection for market participants in the investment services.

What makes a firm a MiFID firm?

“Investment firm” under the Markets in Financial Instruments Directive (MiFID) means “any legal person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis” (Article 4(1)).

What is a regulated market under MiFID?

What firms does MiFID apply to?

(1) (in summary) a firm to which MiFID would apply if it had its head office or registered office in the EEA including, for some purposes only, a credit institution and collective portfolio management investment firm.