Since 2007, the aim of the EU's Markets in Financial Instruments Directive (MiFID) has been to establish a regulatory framework for the provision of investment services and the operation of regulated markets by banks and other market participants within the EU.
The MiFID II regime, which came into force on January 3, 2018, has revised and complemented the rules previously in place, in particular by extending the scope of regulated products and activities.
MiFID II aims to establish a safer, sounder, more transparent and more responsible financial system by:
Since MiFID-regulated firms service the entire fund industry value chain, MiFID II has an impact on investment funds, management companies and AIFMs.
Other key features and requirements of the MiFID II regime may directly or indirectly affect the investment fund industry, for example in terms of investor protection, transparency and reporting.
Analysis of the impact of the regime on a particular structure:
Drafting or review of documentation:
Procedures and implementation:
Uniquely in Luxembourg, Arendt's approach combines legal advice, regulatory and compliance services to meet the growing need of our clients for comprehensive support provided in the most efficient manner.
Please click on the document below to download our MiFID II factsheet.