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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.

The interpretation of MiFID II is currently under discussion among national regulators. In this section, we will provide updates on the national implementation of MiFID II.

Much of the MiFID II legislative package, such as the Markets in Financial Instruments Regulation ("MiFIR"), will have direct effect and will not require national legislation in order to become law. However, the MiFID II Directive will need to be transposed into national legislation by July 2017.

Please click the link below to view our material on member state implementation. These are currently links to briefing notes on the United Kingdom's proposals for implementation.

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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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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