The 27 member states of the EU are free to set up their own financial regulatory bodies – such as‘s – and their own rules and regulations, but such activities must fall within MiFID’s framework.
The legislation also includes harmonised regulation for the three European Economic Area countries that are not part of the EU itself: Iceland, Norway and Liechtenstein.
The MiFID guidelines set out to protect consumers and increase competition within the industry. They distinguish between core services such asservices and activities and ancillary services.
MiFID covers almost all tradable, including and other such as freight, climate and carbon derivatives. However, it does not regulate certain .
European Commission’s Investment is the commitment of money or capital to purchase... More services and regulated markets: