Abstract
The European Parliament and the European Committee proposed a new 'Markets in Financial Instruments Directive' (MiFID II) in order to replace the Directive 2004/39/EG (the MiFID framework directive (MiFID I)) recently. The EP and EC also proposed a new MiFID II-Regulation. MiFID II stipulates rules with respect to providing services in financial instruments by banks and investment firms, as well as the operation of regulated markets by market operators.
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