The MiFID II Directive (2014/65/EU) and the Markets in Financial Instruments Regulation (Regulation 600/2014) (MiFIR) will repeal and recast the Markets in Financial Instruments Directive (2004/39/EC) (MiFID) and have come into force in January 2018. Together, the MiFID II Directive and MiFIR form the legal framework governing the requirements applicable to investment firms, trading venues, data reporting service providers and third-country firms providing investment services or activities in the EU. They are often referred to as MiFID II.
MiFID II aims at increasing investor protection by creating a more effective, efficient and transparent market for investment services and activities in the EU. Details of level 2 measures applicable to each Article of MiFID II are set out in delegated acts, implementing acts and technical standards issued by ESMA and the European Commission. For the purposes of MiFID II compliance, XFG Markets will provide its counterparties dealing in regulated investment services with certain information, such as client categorization, Order Execution Policy and Terms of Business. See Below: