What Does MiFID II Mean for You?

Despite Brexit, an EU directive will come into force next January that should increase transparency and reduce costs for private investors

James Gard 8 September, 2017 | 10:08AM

Britain and European Union Flags

You may not have heard of the Markets in Markets in Financial Instruments Directive, or MiFID, but it is central to how financial products are provided and marketed across the European Union.

Now the directive is being updated so that “MiFID II” will come in force in January 2018, 11 years after the first legislation was implemented in the EU. The UK financial regulator, the Financial Conduct Authority, said that the directive is going ahead despite Britain’s planned exit from the EU in early 2019. Brexit negotiations have yet to tackle Britain’s trade relationship with the EU, so the revamped Mifid is set to be in force for at least a year.

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About Author

James Gard  is content editor for Morningstar.co.uk

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