Markets in Financial Instruments Directive
The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 01/11/2007 aiming to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.
On 20 October 2011, building on the rules already in place, the European Parliament and the Council, adopted a legislative proposal for the revision of MiFID which later took the form of a revised Directive 2014/65/EU, repealing MiFID, Markets in Financial Instruments Directive (MiFID II) and a new regulation, Markets in Financial Instruments Regulation (MiFIR), in order to take into account development in the trading environment, since the implementation of MiFID in 2007 and to improve the functioning of financial markets making them more efficient, resilient and transparent, in light of the financial crises.
MiFID II and MiFIR come into effect on all EU Member States national law by 03/01/2018.
Leverate Financial Services Limited, as a regulated EU Investment Firm complies with all applicable EU and local regulations including MiFID and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
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Leverate Financial Services Ltd is licensed and Regulated by the Cyprus Securities and Exchange Commission with CIF License No. 160/11
Risk Warning: Our service includes products that are traded on margin and carry a high degree of risk to your capital. You may lose part or all of your investment capital. Please refer to the detailed risk warnings found at: LFS Risk Disclosure.