Up to Date is a comprehensive information resource that keeps you up-to-date with the different types of information available on MiFID: Publication (official publications, publications by Euronext), and a handy Glossary.

Publication

We know that keeping up-to-date with recent publications is vital for our clients involved with MiFID. In this section we share with you Euronext documentation and information available on other relevant websites.

1) Euronext New MiFID services 

MiFID services 24/07/2008 New business opportunities for European investment firms and professional investors New MiFID services

2) Euronext Press releases /Communiqués de presse Euronext 

Euronext 01/02/2007 Euronext innovates in defining new services in response to MiFID - Euronext delivers best execution as required by MiFID 01/02/2007 Euronext innove en définissant de nouveaux services dans le cadre de MIFID - Euronext remplit les conditions de meilleure exécution requises par MiFID

3) Official publications 

EC 27/04/2004 Final adoption of Directive 2004/39/EC 27/04/2006 Directive 2006/31/EC amending directive 2004/39/EC 10/08/2006 Orders large in scale compared with normal market size (Table 2 extract from Regulation 1287-2006) 10/08/2006 Deferred publication thresholds and delays (Table 4 extract from Regulation 1287-2006) 02/09/2006 Publication in Official Journal of Implementing Measures under the Markets in Financial Instruments Directive ("MiFID")

AMF 28/06/2006 MiFID: applications and consequences for French regulations (professional guide) - in French language

AFM 04/04/2006 Markets in Financial Instruments Directive  (Brochure)

Click on the website or document to access the consultation document View  Euronext response when available Consultation Deadline CESR consults on its draft work programme for MiFID Level 3 work Document 11/09/2006 Call for evidence on transparency in bond markets and other non-equity markets Document 15/09/2006 CP06/14:Implementing MiFID for firms and markets 31/10/2006 Enforcing the best-execution principles in MiFID and its implementing directive (July 2006) 31/10/2006 Propositions de modifications de la partie législative du code monétaire et financier soumises à consultation 10/11/2006 The list of minimum records in Article 51(3) of the MiFID implementing Directive 27/11/2006 CP06/19: Reforming Conduct of Business Regulation includes proposals for implementing relevant provisions of the Markets in Financial Instruments Directive 28/11/2006 Publication and Consolidation of MiFID Market Transparency   15/12/2006

5)  Newsletter articles

Market Professionals newsletter - March 2006 Debating the impact of MiFID on the financial services industry

Bourse information - October 2006 “Une nouvelle étape dans l’harmonisation européenne"

6)  Working groups

Euronext is part of  M2F 26/06/2006  Launch of MIFID Forum France - The French Association of Investment Firms (AFEI) has launched a MiFID IT forum named MiFID Forum France (M2F), which aims to examine the technical aspects of the Market in Financial Instruments Directive.

Euronext follows JWG initiative JWG MiFID Joint Working Group

• MiFID
  Markets in Financial Instruments Directive : Directive 2004/39/EC
  
• The Four Level Lamfalussy Proces:
  Level 1 measures set out the high level objectives that the legislation must achieve.
  Level 2 measures set out some of the technical requirements necessary to achieve these objectives.
  Level 3 measures are intended to ensure common and uniform implementation by the use (amongst others) of common interpretative guidance and standards agreed amongst regulators in CESR.
  Level 4 measures relate to the enforcement of the legislation.
  (Source CESR)
  
• Regulated market
  Multilateral system operated and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments – in the system and in accordance with its nondiscretionary rules – in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorised and functions regularly.
  (Source MiFID, Article 4, para. 14)
  
• Systematic internaliser
  An investment firm, which on an organised, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or multilateral trading facility.
  (Source MiFID, Article 4, para. 7)
  
• MTF
  Multilateral Trading Facility. A multilateral system, operated by an investment firm or market operator, bringing together multiple, third-party buying and selling interests in financial instruments.
  (Source MiFID, Article 4, para. 15)
  
• Host Member State
  Member State, other than the home Member State, in which an investment firm has a branch or performs services and/or activities or the Member State in which a regulated market provides appropriate arrangements so as to facilitate access to trading on its system by remote members or participants established in that same Member State.
  (Source MiFID, Article 4, para. 21)
  
• Competent authority
  Authority, designated by each Member State.
  (Source MiFID, Article 4, para. 22)

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