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MiFID II Framework on Markets in Financial Instruments

The European Union adopted Directive 2004/39 of the European Parliament and European Council on markets in financial instruments (MiFID).  This Directive was incorporated into Greek legislation by virtue of Law 3606/2007 and came in force on 1 November 2007. 

On 15 May 2014, the European Union adopted Directive 2014/65 (MiFID II) and Regulation (EU) No 600/2014, which, combined with their delegated acts, are jointly referred to as the "MiFID II framework".  The new framework came into effect, for all EU member states, on 3 January 2018 and was incorporated into Greek legislation by virtue of Law 4514/2018. 

The implementation of the MiFID II framework aims at:

  • ensuring greater transparency
  • enhancing investor protection 
  • creating a level playing field among the financial markets
  • facilitating cross-border transactions, 
  • strengthening competition.

 

To view related documents online:

  • The Pre-Contract Customer Information Form effective under the new framework, regarding provision of investment services as of 3.1.2018, click here
  • Τhe sample Basic Contract effective as of 3.1.2018 click here
  • Τhe Bank's Best Execution Policy, click here
  • The Letter of Categorization of Retail Customers, click here.