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Financial Markets: EU Law

Question for HM Treasury

UIN HL2636, tabled on 27 October 2017

To ask Her Majesty's Government what is their assessment of the Markets in Financial Instruments Directive, or "Mifid II" rules.

Answered on

6 November 2017

The Markets in Financial Instruments Directive (MiFID) II implements commitments made by the G20 in 2009 in light of the financial crisis. The UK achieved its key objectives in negotiations, and the government considers that MiFID II will strengthen investor protection and the transparency of financial markets. The government fully recognises the extensive impact that MiFID II will have on the financial services industry.

Answered by

Treasury