Press Release: Investment services: entry into force of MiFID a boon for financial markets and investor protection

On 1 November 2007, the Markets in Financial Services Directive will enter into force. The European Commission looks forward to the onset of this landmark law, which will play a central role in creating a robust, common regulatory framework for Europe's securities markets. MiFID will increase competition among exchanges, multilateral trading facilities (MTFs) and investment firms, giving them a 'single passport' to operate throughout the EU on the basis of authorisation in their home Member State. Investors will not only have access to a greater number of trading venues, but also a more robust and comprehensive framework ensuring high levels of investor protection. Significant market developments are already underway in anticipation of this new, more competitive environment.

European Commission: MEMO/07/2007: Markets in Financial Instruments Directive (MiFID): Frequently Asked Questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/07/439&format=HTML&aged=0&language=EN&guiLanguage=en

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