CESR Assesses The Impact Of MiFID On The Functioning Of Equity Secondary Markets

CESR publishes today its assessment on the impact of the Markets in Financial Instruments Directive (MiFID) on the functioning of equity secondary markets (Ref. CESR/09-355). Following the first anniversary of the implementation of MiFID in November 2008, CESR launched a review of the impact that the MiFID was having on the functioning of equity secondary markets. The report published today focuses on the functioning of MiFID’s provisions and those of its Implementing Regulation with regards to market transparency and integrity, regulated markets, Multilateral Trading Facilities (MTF) and systematic internalisers. The publication of CESR’s report follows a call for evidence issued in November 2008, which sought stakeholders’ views on the workings of MiFID and its impact.

This publication is accompanied by a press release.