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Implementation measures in the form of a Commission Directive and Commission Regulation were officially published on 2 September 2006. [3] [4] [5] After its initial implementation, MiFID 1 was intended to be reviewed.
Stock market equivalence is granted by the European Union to those countries whose stock markets are deemed to be 'equivalent' to those of the EU countries. On 3 January 2018, the EU implemented the "Markets in Financial Instruments Directive II" (colloquially known as "MiFID II") which required all European investment firms & traders to trade the shares of a company listed in the EU on a ...
MiFID II classified three types of trading venue: A regulated market (RM) run by a market operator; A multilateral trading facility (MTF) An organised trading facility (OTF) Permission to run any of the three types of service was required from an appropriate regulator, with the existing exchanges registering as regulated markets.
This was to achieve better protection as required by the Markets in Financial Instruments Directive 2004/39/EC, article 13(7) and the Implementing Directive 2006/73/EC art 16. The term ‘client money account’, for what money needed to be pooled under CASS 7.9.6R referred to segregated accounts of a client, not any other account of the firm ...
The Article 4(1)(20) of Directive 2014/65/EU (MiFID II) considers "investment firms dealing on own account when executing client orders over the counter (OTC) on an organised, frequent, systematic and substantial basis" systematic internaliser and requires them to report their trades. [2]
An Approved Publication Arrangement (APA) is an entity authorized under the MiFID II directive to publish trade reports on behalf of investment firms, fulfilling requirements outlined in Article (4)(1)(52).
The Cyprus Securities and Exchange Commission, (Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus.As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law.
With the implementation of the Markets in Financial Instruments Directive (MiFID II) by the Second Financial Market Regulatory Act (2nd FiMaNoG), the transfer of funds to asset managers in Germany was set out in Section 64 (7) WpHG introduced a general ban on accepting and retaining contributions from third parties or persons acting for them.