MiFID (Markets in Financial Instruments Directive) is the Directive 2004/39/EC of the European Parliament and Council on markets in financial instruments which came into force in Member States and states of the European Economic Area on November 1, 2007, replacing the previous ISD (Investment Services Directive) Directive. 

MiFID regulates the provision of financial services by Credit Institutions and Investment Firms. Its main objective is to enhance the single European financial marketplace, improve competition between the countries of the European Union and offer greater protection to investors. 

This new Directive has been incorporated to the Cyprus legislation through the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). 

To whom does MiFID apply? 

MiFID applies to the following providers of financial services: 

What investment services & activities does MiFID cover? 

MiFID covers the following core investment services & activities: 

What investment products is MiFID concerned with? 

MiFID is concerned with the following investment products: 

What benefits do investors derive from MiFID? 

 Under MiFID investors enjoy greater transparency and protection. The most important benefits for an investor are: 

How will MiFID affect Global Capital’s Clients?