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Markets in Financial Instruments Directive 2014 (2014/65/EU, commonly known as MiFID 2), [1] is a directive of the European Union (EU). Together with Regulation No 600/2014 it provides a legal framework for securities markets, investment intermediaries, in addition to trading venues.
It contains the ISIN and the Market Identifier Code (MIC) as well as e.g. the Classification of Financial Instruments (CFI)-code and other information of the instrument. The Legal Entity Identifier (LEI) code is conveyed by the ISSR. In the following example record in JSON format, [4] the ISSR is represented by "Issr" : "851WYGNLUQLFZBSYGB56".
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.
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 ...
A Request for Quote (RfQ) is a financial term for certain way to ask a bank for an offer of a given financial instrument from a bank, made available by so-called Approved Publication Arrangement (APA) by the stock markets itself or by Financial data vendors as required in Europe by MiFID II and in effect since January 2018. [1]
requires businesses to digitally 'tag' the reported information so that it is machine readable. [19] The proposed standards were to be developed by October 2022. [19] Another proposed amendment to the 2013 directive was put forward by the Commission in April 2016 concerning disclosure of corporate tax information on a country-by-country basis. [20]
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.
It is similar to the EU’s Markets in Financial Instruments Directive , which is a legal framework for securities markets, investment intermediaries and trading venues. [5] MiCA covers participants in the crypto-market, including crypto-asset issuers, trading platforms, exchanges, and custodian wallet providers.