20 years: Financial services law & regulation
The main purpose of this video by Carl is to provide an overview of “MiFID” – the Markets in Financial Instruments Directive which is the centrepiece of the EU's regulatory framework for securities markets designed to assist traders, investors, and other market participants in the financial sector.
The main purpose of this video by Carl is to provide an overview of “MiFID” – the Markets in Financial Instruments Directive which is the centrepiece of the EU's regulatory framework for securities markets designed to assist traders, investors, and other market participants in the financial sector.
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14 mins 8 secs
“MiFID” – the Markets in Financial Instruments Directive and the related Regulations is the centrepiece of the EU’s regulatory framework for securities markets designed to assist traders, investors, and other participants in the financial sector.The primary aim of the MiFID requirements collection is to keep financial markets strong, fair, effective, and transparent.
Key learning objectives:
Understand the background of MiFID
Outline the three key pillars of the MiFID regime
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The original MiFID was established in 2004, and was itself pre-dated by the Investment Services Directive. In 2007, MiFID 1 went into operation throughout the European Union. Following the financial crisis, the European Commission adopted a legislative proposal for the reform of MiFID in 2011 to address certain perceived flaws in the original regime that were either revealed by the financial crisis or, more broadly, by the evolution of financial markets.
Licensing and organisation requirements for investment firms:
Market Structure:
Investor Protection:
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