European Commission – Review of the MiFID II/MiFIR regulatory framework

Consultation closes 18 May 2020 (Originally due to close on 20 April 2020)

MiFID II and MiFIR started to apply in January 2018, bringing significant improvements to the functioning and transparency of EU financial markets.

To assess the overall functioning of the regime after two years of application, MiFID II/MiFIR require that the Commission presents the Parliament and Council with a report on the operation of the new framework, together with a legislative proposal for reform, if deemed necessary.

This consultation therefore seeks to gather evidence from stakeholders, and more generally from EU citizens, on areas that would merit targeted adjustments.

The Commission claims to welcome indications on how issues should be prioritised in a potential reform of the MiFID II/MiFIR rulebook.

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