The Market in Financial Instruments Directive and Markets in Financial Instruments Regulation (‘MiFID II) is effective since 3 January 2018. MiFID II replaced the prior Markets in Financial Instruments Directive.
MiFID II introduces range of provision, which includes among them:
• Enhancing the systemic internaliser regime and the trade price transparency rules for equity.
• Broadening the transaction reporting requirement, introducing quality of execution and top 5 venue reporting requirements
• Building the MiFID market structure provisions, rules relating to trading facilities and requiring mandatory venue trading for OTC derivatives and in-scope equities.
MeritKapital UK subject to MiFID II must disclose certain information to its clients. These disclosers are set out below. Please note that this information may be updated from time-to-time.