EU MiFIR and MiFID II amendments are published in the Official Journal

Following their formal adoption by the Council of the EU on 20 February 2024, the amendments to the Markets in Financial Instruments Regulation (MiFIR) and the Markets in Financial Instruments Directive (MiFID II) were published in the Official Journal of the EU on 8 March 2024, marking the end of the procedural journey, which first began in November 2021.

Their publication means the amendments will enter into force on 28 March 2024 (i.e., 20 days after publication). The changes to MiFIR will become directly applicable in all Member States. It will be a challenge for firms to achieve compliance with some of the MiFIR amendments in time, and some of the changes still require significant detail to be developed in RTS over the coming months.  The changes to MiFID II will need to be implemented in Member States within 18 months.

The published text of the MiFIR amending regulation is available here.

The published text of the MiFID II amending directive is available here.

Read our summary of the key amendments on our Client Knowledge Portal.