HTML Article – MiFID 2 Directive And MiFIR Regulation (2).


After its initial implementation, MiFID was intended to be reviewed. After extensive discussion and debate, in April 2014, the European Parliament approved both MiFID II, an updated version of the original MiFID law, and MiFID II’s accompanying regulation, MiFIR. 9 The directive and regulation include fewer exemptions and expand the scope of the original MiFID to cover a larger group of companies and financial products. 10 11 Both MiFID II and MiFIR are set to take effect in January 2018. There are other types of risk. How easy or hard it is to cash out of an investment when you need to is called liquidity risk. Another risk factor is tied to how many or how few investments you hold. Generally speaking, the more financial eggs you have in one basket, say all your money in a single stock, the greater risk you take (concentration risk).

English law has long been one of the most popular choices of governing law for international contracts, for reasons largely unrelated to the UK’s membership of the EU. English law is considered to be stable and is backed by a large body of case law that can be drawn on to predict a greater certainty of outcome. The English courts have a reputation for being highly skilled, consistent, independent and fair. Furthermore, English contract law has developed largely independently of EU law and the law on key contractual issues derives principally from English common law. These factors combined suggest that English law is likely to retain its current privileged position.

What is the MiFID II The MiFID is the Market in Financial Instruments Directive, it is the EU’s legislative framework for the regulation of financial markets and protection of consumers. Up to now it did not recognize binary options as a financial instrument and that is where a lot of today’s regulatory issues stem from. Cyprus chose to recognize and regulate binary options which means, because Cyprus is a member of the EU, that those registered and regulated binary options brokers may offer their services across borders within the EU so long as they register with the local authorities as well. Some local agencies took this to heart and allowed the brokers to function, others did not but the prevailing sentiment was that CySEC regulation is legal within the fiscal policy affects your investments

The wide tax brackets allow you to estimate your tax bracket fairly accurately even at the start of the year, before you know how big your bonus will be, or how much you will donate to charity. Of course, the more detailed you are in calculating your tax bracket, the more accurate your estimate will be. And if you are near the cutoff between one bracket and the next, you will want to be as precise as possible.

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