MiFID (Markets in Financial Instruments Directive) is an EU directive taking effect on 1 November 2007. The aim is to ensure uniform rules for trading in financial instruments. The rules are based on principles of higher investor protection, increased transparency and a single regulatory regime across the EU member states, and, therefore, they support an improved single market for financial services. The directive affects financial institutions' trading in financial instruments, including advisory services and product development, as well as securities brokerage and asset management.
We have been implementing a series of changes in the investment area recently. The changes are caused by new EU regulation (MiFID II) introduced to ensure a more transparent investment market and better investor protection.
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