A Practitioner's Guide to MiFID II

The new Markets in Financial Instruments Directive, MiFID II, will be one of the most important directives to come out of the EU, and will directly affect the business of all types of financial institution.

This new edition is a complete practitioner's guide to the provisions and practical implications of MiFID II. It covers both the original MiFID Directive and all the changes and extensions brought about by MiFID II, explaining how the new directive will impact firms and how they need to prepare for its implementation. It also shows how the directive interacts with other European and UK level legislation.

• Gives detailed coverage of the scope of the recast Directive and its impact
• Explains the requirements of MiFID II
• Shows firms what they need to do to prepare for implementation of the directive
• Covers all aspects of conduct of business requirements affected by MiFID II – fair dealing, best execution and organisational requirements
• Deals with the new transparency and reporting requirements
• Covers regulated markets and multilateral trading facilities (MTFs), and the new category of Organised Trading Facilities (OTFs)
• Includes a foreword from the Director of the European Securities Markets Authority (ESMA)