In February 2024 we published a briefing note, MiFIR and MiFID II review: ten key things that EU financial institutions should know, which summarized the key features of the draft legislation that was generally known as the ‘MiFID II / MiFIR review’ and was designed to update both the Markets in Financial Instruments Directive II and the Markets in Financial Instruments Regulation.
At the time of writing the briefing note the draft legislation was almost at the end of its legislative journey having been formally adopted in a plenary vote in the European Parliament. In this latest briefing note we provide an update on what finally happened to the draft legislation and also consider the position regarding the all-important Level 2 measures.