The Markets in Financial Instruments Directive (“MiFID”) is a European Union law that provides harmonised regulation for investment services across the 31 member states of the European Economic Area (the 28 Member States of the EU plus Iceland, Norway and Liechtenstein). The main objectives of the Directive are to increase competition and consumer protection in investment services. As of the effective date, 1 November 2007, it replaced the Investment Services Directive.
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