What is MiFIR?

October 12, 2017

The Markets in Financial Instruments Regulation 600/2014 (MiFIR) is a regulation coming into force in the European Economic Area (“EEA”)  on 3 January 2018. It was formulated to support the obligation to uphold integrity of the markets by National Competent Authorities (“NCAs”).

MiFIR includes a reporting obligation, whereby firms which execute transactions in reportable financial instruments need to report complete and accurate details of the transaction (trade) to the NCA as quickly as possible and no later than the next working day.