LORDS

Markets in Financial Instruments Directive and Regulation (MiFID II)

The Sub-Committee scrutinised the Commission’s proposals for a Markets in Financial Instruments Directive and Regulation (known as MiFID II), one of the most important and and published the report MiFID II: Getting it Right for the City and EU Financial Services Industry on 10 July 2012. The Government gave their response on 29 October 2012. The report was debated on 26 March 2013.

The Sub-Committee held it's first evidence session on 22 May 2012, and heard evidence from Guy Sears, Investment Management Association (IMA), Christian Krohn, Association for Financial Markets in Europe (AFME) and Chris Bates, Clifford Chance.

The Sub-Committee held its second evidence session on MiFID II on Tuesday 29th May 2012, and heard evidence from Thierry Philipponnat, Secretary General, Finance Watch and Kay Swinburne MEP, Member, European Parliament ECON Committee.

The third evidence session took place on Tuesday 12 June 2012, and the Committee heard evidence from Professor Niamh Moloney, London School of Economics, and Professor Emilios Avgouleas, University of Edinburgh.

News

Scrutiny work

MiFID II Update

EU Sub-Committee A conducted enhanced scrutiny on Markets in Financial Instruments Directive and Regulation (MiFID II).

Members interests

Members' interests in relation to this inquiry

The Members of the Sub-Committee have declared the following interests in relation to this inquiry:

Members are required to register any financial and non-financial interests that a reasonable member of the public might think would influence their actions in Parliament. The full text of the Register is available online: