What is MiFID II?

MiFID II is a legislative framework instituted by the European Union (EU) to regulate financial markets and improve protections for investors.

MiFID II, one of the largest regulatory reforms in history, has significantly changed the financial industry in the European Union and across the globe.

Many companies find it challenging to meet MiFID II requirements to provide clients with clear, independent research to help them make informed investment decisions. If you have doubts about your firm’s research post MiFID, you should contact CFRA. We’re uniquely positioned to help.

Unlike other companies, we haven’t had to change our business model to be MiFID compliant. We have always delivered high-quality, cost-effective research focused on investors’ needs.

Main Objectives

  • Increase investor confidence
  • Make European financial markets (and beyond) safer, more transparent, and efficient
  • Move over-the-counter trading to regulated markets

Key Players

  • Banks
  • Brokers
  • Certain research providers
  • Exchanges
  • Fund managers
  • Investors
  • Pension funds
  • Trading platforms

Markets Covered

  • Commodities
  • Currency
  • Equities
  • ETFs
  • Fixed income
  • Futures
  • Retail derivatives

Expected Results

  • Separate fees for investment research and transaction commissions
  • Greater price transparency for off-exchange markets
  • More diligent governance for investment products
  • Volume transparency for equity dark pools

Need help?

Talk to one of our product experts over the phone or request a consultation. This is a great first step toward feeling more secure in this extraordinary period of regulatory change.