MiFID v EMIR: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with "{{a|regulation|}}The two major pieces of regulation covering the European investment banking and trading worlds are MiFID — the Markets in Financial Instruments Directive and EMIR — the European Market Infrastructure Regulation. As a super high level, what is the difference between MiFID and EMIR? {| class="wikitable" |+ Comparison between EMIR and MiFID {{aligntop}} ! Aspect !! EMIR !! MiFID {{aligntop}} | '''Regulation Type''' || Regulation (im...") |
(No difference)
|
Revision as of 09:39, 3 May 2024
The JC’s Reg and Leg resource™
|
The two major pieces of regulation covering the European investment banking and trading worlds are MiFID — the Markets in Financial Instruments Directive and EMIR — the European Market Infrastructure Regulation.
As a super high level, what is the difference between MiFID and EMIR?
Aspect | EMIR | MiFID |
---|---|---|
Regulation Type | Regulation (implemented directly into EU law) | Directive (implemented through national legislation) |
Objective | Mitigating systemic risk in OTC derivatives markets. Therefore this focuses on investment activity, whoever is doing it. | Harmonising EU financial markets regulation. Therefore this focuses on investment firms who are offering services to the public. |
Regulator | European Securities and Markets Authority (ESMA) | National Competent Authorities (NCAs) |
Scope | Regulates how participants transact in OTC derivatives markets, in particular:
|
Regulates how financial services businesses provide investment services and activities to customers
|