Press Release: Markets in Financial Instruments Directive (‘MiFID’): implementing measures close to adoption

The European Commission on 26 June 2006 welcomed the European Securities Committee's (ESC) (unanimous) approval of a series of technical measures implementing the Markets in Financial Instruments Directive (MiFID), which followed a strong endorsement from the European Parliament on 15 June 2006. The Commission was likely to give its final approval in September 2006. MiFID was one of the cornerstones of the Financial Services Action Plan (FSAP) and was aimed at playing a vital role in creating a robust, common regulatory framework for Europe's securities markets.