ALFI responds to EU Commission consultation on MiFID II/MiFIR framework
29 June 2020 | Statements and Position Papers
On 17 February 2020, the EU Commission launched a consultation on MiFID II and MiFIR, the respective regulation (Regulation (EU) No 600/2014).
The consultation aims to assess the overall functioning of the regime that was in force since 3 January 2018 with the objective to improve investor protection and ensure transparent, efficient and competitive trading in financial instruments. The questions raised in this consultation range from the creation of a new, semi-professional client category to the opting-out from ex-ante cost information obligations, an outright ban of inducements and digitalisation aspects.
ALFI responded to this consultation on 18 May 2020.