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New version applies from 30/04/2004.
147 provisions change.
Later versions: 28/04/2006, 21/09/2007, 20/03/2008, 04/01/2011, 03/01/2018.
Markets in Financial Instruments Directive (MIFID)
04/01/2011 → 03/01/2018: 0 inserted · 152 removed · 0 amended · 0 moved · 0 renamed · 0 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
- removed Preamble
Recitals
- removed Recital 1
- removed Recital 2
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Title I
- removed Article 1 - Scope Title I
- removed Article 2 - Exemptions Title I
- removed Article 3 - Optional exemptions Title I
- removed Article 4 - Definitions Title I
Title II
- removed Article 5 - Requirement for authorisation Title II › Chapter I
- removed Article 6 - Scope of authorisation Title II › Chapter I
- removed Article 7 - Procedures for granting and refusing requests for authorisation Title II › Chapter I
- removed Article 8 - Withdrawal of authorisations Title II › Chapter I
- removed Article 9 - Persons who effectively direct the business Title II › Chapter I
- removed Article 10 - Shareholders and members with qualifying holdings Title II › Chapter I
- removed Article 10a Title II › Chapter I
- removed Article 10b - Assessment Title II › Chapter I
- removed Article 11 - Membership of an authorised Investor Compensation Scheme Title II › Chapter I
- removed Article 12 - Initial capital endowment Title II › Chapter I
- removed Article 13 - Organisational requirements Title II › Chapter I
- removed Article 14 - Trading process and finalisation of transactions in an MTF Title II › Chapter I
- removed Article 15 - Relations with third countries Title II › Chapter I
- removed Article 16 - Regular review of conditions for initial authorisation Title II › Chapter II › Section 1
- removed Article 17 - General obligation in respect of on-going supervision Title II › Chapter II › Section 1
- removed Article 18 - Conflicts of interest Title II › Chapter II › Section 1
- removed Article 19 - Conduct of business obligations when providing investment services to clients Title II › Chapter II › Section 2
- removed Article 20 - Provision of services through the medium of another investment firm Title II › Chapter II › Section 2
- removed Article 21 - Obligation to execute orders on terms most favourable to the client Title II › Chapter II › Section 2
- removed Article 22 - Client order handling rules Title II › Chapter II › Section 2
- removed Article 23 - Obligations of investment firms when appointing tied agents Title II › Chapter II › Section 2
- removed Article 24 - Transactions executed with eligible counterparties Title II › Chapter II › Section 2
- removed Article 25 - Obligation to uphold integrity of markets, report transactions and maintain records Title II › Chapter II › Section 3
- removed Article 26 - Monitoring of compliance with the rules of the MTF and with other legal obligations Title II › Chapter II › Section 3
- removed Article 27 - Obligation for investment firms to make public firm quotes Title II › Chapter II › Section 3
- removed Article 28 - Post-trade disclosure by investment firms Title II › Chapter II › Section 3
- removed Article 29 - Pre-trade transparency requirements for MTFs Title II › Chapter II › Section 3
- removed Article 30 - Post-trade transparency requirements for MTFs Title II › Chapter II › Section 3
- removed Article 31 - Freedom to provide investment services and activities Title II › Chapter III
- removed Article 32 - Establishment of a branch Title II › Chapter III
- removed Article 33 - Access to regulated markets Title II › Chapter III
- removed Article 34 - Access to central counterparty, clearing and settlement facilities and right to designate settlement system Title II › Chapter III
- removed Article 35 - Provisions regarding central counterparty, clearing and settlement arrangements in respect of MTFs Title II › Chapter III
Title III
- removed Article 36 - Authorisation and applicable law Title III
- removed Article 37 - Requirements for the management of the regulated market Title III
- removed Article 38 - Requirements relating to persons exercising significant influence over the management of the regulated market Title III
- removed Article 39 - Organisational requirements Title III
- removed Article 40 - Admission of financial instruments to trading Title III
- removed Article 41 - Suspension and removal of instruments from trading Title III
- removed Article 42 - Access to the regulated market Title III
- removed Article 43 - Monitoring of compliance with the rules of the regulated market and with other legal obligations Title III
- removed Article 44 - Pre-trade transparency requirements for regulated markets Title III
- removed Article 45 - Post-trade transparency requirements for regulated markets Title III
- removed Article 46 - Provisions regarding central counterparty and clearing and settlement arrangements Title III
- removed Article 47 - List of regulated markets Title III
Title IV
- removed Article 48 - Designation of competent authorities Title IV › Chapter I
- removed Article 49 - Cooperation between authorities in the same Member State Title IV › Chapter I
- removed Article 50 - Powers to be made available to competent authorities Title IV › Chapter I
- removed Article 51 - Administrative sanctions Title IV › Chapter I
- removed Article 52 - Right of appeal Title IV › Chapter I
- removed Article 53 - Extra-judicial mechanism for investors' complaints Title IV › Chapter I
- removed Article 54 - Professional secrecy Title IV › Chapter I
- removed Article 55 - Relations with auditors Title IV › Chapter I
- removed Article 56 - Obligation to cooperate Title IV › Chapter II
- removed Article 57 - Cooperation in supervisory activities, on-the-spot verifications or in investigations Title IV › Chapter II
- removed Article 58 - Exchange of information Title IV › Chapter II
- removed Article 58a - Binding mediation Title IV › Chapter II
- removed Article 59 - Refusal to cooperate Title IV › Chapter II
- removed Article 60 - Inter-authority consultation prior to authorisation Title IV › Chapter II
- removed Article 61 - Powers for host Member States Title IV › Chapter II
- removed Article 62 - Precautionary measures to be taken by host Member States Title IV › Chapter II
- removed Article 62a - Cooperation and exchange of information with ESMA Title IV › Chapter II
- removed Article 63 - Exchange of information with third countries Title IV › Chapter III
Title V
- removed Article 64 - Committee procedure Title V
- removed Article 64a - Sunset clause Title V
- removed Article 65 Title V
- removed Article 66 - Amendment of Directive 85/611/EEC Title V
- removed Article 67 - Amendment of Directive 93/6/EEC Title V
- removed Article 68 - Amendment of Directive 2000/12/EC Title V
- removed Article 69 Title V
- removed Article 70 - Transposition Title V
- removed Article 71 - Transitional provisions Title V
- removed Article 72 - Entry into force Title V
- removed Article 73 - Addressees Title V