The Markets in Financial Instruments Regulation (“MIFIR”) and the Markets in Financial Instruments Directive (“MIFID”), together “MIFID II”, enter into application on 3 January 2018.
Since its implementation in November 2007, the Markets in Financial Instruments Directive (“MIFID I”) was the cornerstone of capital markets regulation in Europe. MIFID I targeted primarily equity markets and instruments.
MIFID I was recast by MIFID II which extends market transparency and integrity rules to derivatives and debt financial instruments and which re-enforces investor protection and conduct of business rules on all financial instruments. Finally, it brings additional measures on product governance, on the reinforcement of control and management functions and on the enhancement of financial supervision.
Client categorization in eligible counterparties, professional and retail, together with the associated level of protection for each category, is still a key element of MIFID II.
Below are a number of important information and legal documents that we recommend you to read carefully.
Useful links & documents
Terms of Business
Hong Kong Module December 2020
General Terms of Business
Client Money Module
Electronic Services Module
Direct Electronic Access Module
Fixed Income Module
Futures Options and EPF Transactions Module
Retail Client Module
Execution of Client's Orders
- List of Execution Venues
- Information on the execution venues and the executing brokers (RTS28)
- Reporting on the quality of execution (RTS27)
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