The impact of the Market in Financial Instruments Directive (MiFID)

Abstract

Purpose

To introduce the Market in Financial Instruments Directive (MiFID).

Design/methodology/approach

Provides a brief overview of the MiFID, how it widens the scope of business permitted under the “passport” regime, the types of financial institutions it covers, and the time frame for implementation.

Findings

The biggest challenge facing regulated firms is the limited time they will have to comply with MiFID's requirements.

Originality/value

Discusses the scope and importance of MiFID.

Citation

Jairath, A. (2005), "The impact of the Market in Financial Instruments Directive (MiFID)", Journal of Investment Compliance, Vol. 6 No. 3, pp. 50-51. https://doi.org/10.1108/15285810510659329