Topic Centers

MiFID II

MiFID II will have a significant impact on financial institutions providing services in the EU. Hogan Lovells has created this site to help firms understand what will change under MiFID II, and how those changes may affect their business.

As part of a wider global trend towards derivatives reform, MiFID II is intended to encourage derivatives trading to move from over-the-counter ("OTC") trades to trading on exchanges.

MiFID II recognises that a role remains for bespoke contracts for which it would be difficult to mandate exchange-trading, so the reform is aimed only at standardised contracts.

The focus of ESMA has been to determine how to identify which contracts should be subject to this trading obligation.

Please click the link below to view our briefing note on this topic.

Hogan Lovells Publications

CONSOB secondary level measures implementing MiFID II

As follow up to the consultation of July 2017, today CONSOB published the outcome of the consultation and Resolution No. 20307 ("New CONSOB Regulation on Intermediaries"), which sets out...

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Publications

Non-retail inducements rules under MiFID II – time to push back on gold-plating?

The FCA's third consultation paper on MiFID II implementation, released in September 2016, proposes a number of changes to the current UK inducements rules, including the criteria for...

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Press Releases

Year-Long Delay to MiFID II Finally Approved; UK Must Transpose Rules into National law by July 2017

The Council of the European Union has given final approval to delay the implementation of the Markets in Financial Instruments Directive II (MiFID II) by 12 months.  The MiFID II...

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