Markets in Financial Instruments Directive II (MiFID II)
Active since: January 3rd 2018
Replaces: MIFID I
Target: Banks and stock brokers within the European Union and in Iceland, Norway and Liechtenstein
Goal: Increase transparency across EU financial markets and to standardize regulatory disclosures for firms.
MIFID stands for Markets in Financial Instruments Directive and is a directive by the European Union.