MiFID II (MiFID II)
The EU Markets in Financial Instruments framework for investment firms and trading venues, with its companion regulation MiFIR.
Overview
MiFID II covers authorisation and conduct of investment firms, best execution, product governance, inducements, transaction reporting and market structure.
As regulation it is binding and specific, and it is the layer most directly mapped to controls. The authorities most closely connected to it are ESMA.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
It shapes how investment services are sold and how trades are reported across the EU.
Who it affects
Investment firms, banks providing investment services and trading venues.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to MiFID II. Select one to open it.
What to do about it
- 1Confirm whether you are in scope: who it covers, which activities and where.
- 2Break it into testable requirements.
- 3Map each requirement to a control and an owner.
- 4Track amendments, implementing rules and guidance.
- 5Keep sealed evidence for every control run.
From requirement to evidence.
MiFID II obligations are mapped to trading, reporting and client-facing controls.
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