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[[Markets in Financial Instruments Directive]] {{eudirective|2004|39|EC}} (known as "[[MiFID]]"). See also {{eudirective|2006|73|EC}}, which is fondly known thoughout our glorious continent as the [[MiFID Implementing Directive]]. | ''Looking for '''{{t|MiFID 2}}'''? Don’t forget: As of 2 January 2018, MiFID 2 is where it’s at.'' | ||
[[Markets in Financial Instruments Directive]] {{eudirective|2004|39|EC}} (known as "[[MiFID]]"). See also {{eudirective|2006|73|EC}}, which is fondly known thoughout our glorious continent as the [[MiFID Implementing Directive]]. '''IT HAS NOW BEEN SUPPLANTED BY [[MiFID 2]]'''. | |||
*[http://en.wikipedia.org/wiki/Markets_in_Financial_Instruments_Directive Wikipedia] | *[http://en.wikipedia.org/wiki/Markets_in_Financial_Instruments_Directive Wikipedia] | ||
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(see [http://www.hsbcnet.com/gbm/global-insights/insights/2012/mifid-2-progress-and-post-trade-implications.html HSBC note on the subject]). | (see [http://www.hsbcnet.com/gbm/global-insights/insights/2012/mifid-2-progress-and-post-trade-implications.html HSBC note on the subject]). | ||
====Art 18(1) of the [[MiFID Implementing Directive]]==== | |||
{{box|1. Member States shall require investment firms, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following:<br> | |||
(a) a central bank; <br> | |||
(b) a credit institution authorised in accordance with Directive 2000/12/EC; <br> | |||
(c) a bank authorised in a third country; <br>}} | |||
====Under MiFID 2 Custody could become an {{eudirprov|investment service|MiFID}}==== | ====Under MiFID 2 Custody could become an {{eudirprov|investment service|MiFID}}==== | ||