Welcome to the Guide to the Markets in Financial Instruments Directive (MiFID) from
the Banking and Financial Services Group at LK Shields Solicitors.

The Markets in Financial Instruments Directive (MiFID), Directive 2004/39/EC, will come into operation in Ireland on 1 November, 2007.

MiFID overhauls previous legislation in the European market for financial services by promoting a high level of protection to both existing and potential investors in order to bolster investor confidence and heighten the performance of the financial services sector across the European Economic Area.

The wide reaching scope and the obligations imposed by MiFID, will be of particular interest to issuers, stockbrokers, portfolio managers, corporate finance firms and derivative providers.

Our Guide to MiFID will be a useful reference point for those working in financial services.

The Guide to MiFID has been divided into the following sections. Please click on each heading for further information.

MiFID: Introduction

MiFID: Background

MiFID: Scope and Authorisation

MiFID: Organisational and Operational Requirements

MiFID: Glossary

MiFID: Legislation / Links

For further information on MiFID please contact Tracy Gilvarry.

September 2007.