MiFID

Question 1

What’s MiFID

Answer 1

Markets in Financial Instrument Directive

Question 2

What’s the objective of MiFID

Answer 2

to make the financial market more Secure, Robust, Efficient and Transparent

Question 3

What’s the goal of MiFID

Answer 3

to improve the competitiveness of EU financial markets, by creating a single market for investment services and activities and to ensure protection for investors

Question 4

What did MiFID I cover?

Answer 4

Conduct of business and organizational requirements for investment firms, authorization requirements for regulated markets, regulatory reporting for market abuse, trade transparency obligation for shares and rules on the admission of financial instruments to trade in

Question 5

Investor Protection, Best Execution, Trading Transparency, Post Trade Reporting and Unbundling Research

Answer 5

Areas for MiFID II

Question 6

An independent EU authority that contributes to safeguarding the safety of the European Union’s Financial System

Answer 6

ESMA

Question 7

there are two reports required from the transaction

Answer 7

One from the transmitter side and one from the receiver side

Question 8

EEA = ?

Answer 8

EU + Norway + Lichenstein + Iceland

Question 9

In order to operate efficienctly in the new environment, firms will have to ensure that their workflows are capable of providing the necessary data for all the reporting requirements that they have to fulfill as well as for surveillance and reconstruction of trades on demand from their regulator

Answer 9

x

Question 10

Business areas impacted

Answer 10

Trade data capture, reporting, Broker interaction, client onboarding