The review of the Markets in Financial Instruments Regulation (MiFIR) will result in a revision of the existing EU financial market regulation. The objectives are to improve investor protection, increase market transparency and strengthen market infrastructure. The regulatory adjustments will have varying effects on companies. Our experts explain what these are and what consequences they will have. Find out how we can help you operate in the financial market of the future with legal certainty.
MiFIR Review: Regulatory Starting Point and Further Developments
The provisions of the European financial market regulation MiFIR have been mandatory since 2018. The regulatory landscape has evolved since it came into force. The most recent change is the MiFIR Review, which has been in force since March 2024 and is intended to ensure greater transparency, efficiency and integrity in European capital markets.
For some changes, particularly those relating to pre- and post-trade transparency, the specific technical regulatory standards of the MiFIR Review are expected to be applicable as early as 2026. For other key elements, such as the update of the requirements for transaction and reference data reporting, the specification has been suspended for the time being. The European Securities and Markets Authority (ESMA) justifies this with the high burden of regulatory requirements and has therefore asked all financial market participants for feedback on proposed solutions.
Consequences for reporting requirements and securities and derivatives trading
The amended requirements not only affect the reporting infrastructure that has already been established, which is already subject to highly complex regulatory provisions. They may also have an impact on the range of products and services offered in securities and derivatives trading.
In addition, financial institutions are faced with significantly higher expectations regarding the quality of reported data, and failure to meet these expectations is often severely penalised by the supervisory authorities.
How we support you in managing the new requirements
We support our clients in tackling the complex tasks arising from the new regulations with our experienced staff and develop innovative and pragmatic solutions.
Our services include:
Our experts work with you to develop solutions that are efficient, sustainable and tailored to your company's individual needs. You receive
- a holistic view of all relevant reporting requirements,
- sustainable optimisation of your processes and
- a concept that takes a comprehensive view of the value chain in capital market business: from the quotation of a financial instrument to feedback from the reporting register.
Your added value
As one of the leading consulting firms in the financial services sector, we offer comprehensive expertise in the implementation of regulatory requirements and the optimisation of reporting systems. We combine
- regulatory expertise in various jurisdictions,
- structured project approaches and proven analysis tools,
- best practices from numerous projects at large financial institutions, and
- a well-coordinated team of practical consultants.
