Description:
The Markets in Financial Instruments Directive (MiFID) comes into effect on 1 November 2007, replacing the Investment Services Directive (ISD, or Directive 93/22/EEC). It introduces a single market and regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). It has three objectives: creating a single EU market for investment services, responding to changes and innovations which have occurred in securities markets, and protecting investors by making markets deeper, more competitive and more robust against fraud and abuse.
MiFID has significant data ramifications. Currently, market data on equity transactions is primarily controlled by exchanges, but MiFID leaves open how such data will be consolidated - and by whom, using what standards and processes.
Copyright 2004-2008 The Data Governance Institute, LLC. All Rights Reserved The site is brought to you in partnership with the Business Intelligence Network
