MiFID_II_EN

10 MiFID II will apply from January 3, 2018 , but financial institutions have already made every effort to comply with the new rules, given their far-reaching implications. Under MiFID II, financial institutions must reassess their clients’ current investment profile. Moreover, they are required to check whether their product range contains any complex products. The next step will be to take additional measures to prevent that those complex products are offered to clients having an insuffi- cient level of knowledge and experience. When does MiFID II come into effect? No, it is not. MiFID II is a comprehensive reform . Investor protection rules are indeed strengthened, but MiFID II is also aimed at making financial and stock exchange markets more transparent and it sets out rules for new forms of investment such as algorithmic and automated trading in securities. Is MiFID II only aimed at strengthening consumer protection?