Definition: The Markets in Financial Instruments Directive II (MiFID II) is part of an EU effort to create a fair and transparent market for securities. MiFID II, along with the original MiFID, lays out obligations financial firms must fulfill to improve transparency, create comprehensive audit trails, prevent market abuses, and strengthen long-term market integrity as well as establish governance for non-EU managers and traders accessing EU investors. According to MiFID, all trades of instruments traded on any EU venue need to be reported.
Example: Three prominent reporting obligations for MiFID II are post-trade (real-time), transaction (T+1), and best execution (annual).
Explore IVP Regulatory Reporting Solution
The IVP Regulatory Reporting Solution automates the MiFID reporting process. It is designed to help buy-side firms manage a complex slate of filings, disclosures, and trade reports in an increasingly strict regulatory environment. The solution meets this challenge by eliminating fragmented processes, enhancing accuracy, and reducing operating costs through end-to-end automation across global regulatory filings.
