Belgium
FSMA publication August 2016 Consultation on four draft proposals transposing Directive 2014/65/UE (MiFID2) (December 2016) Draft proposal for an act on the infrastructures of Markets in Financial Instruments Draft proposal modifying articles 26 to 28 of the act of 02 August 2002 on the supervision of the financial sector and on financial services Draft proposal modifying the act of 25 October 2016 on the status and control of brokerage firms and laying down various provisions Draft proposal for a royal decree laying down rules and procedures for the transposition of MiFID2
France
AMF Public Consultation on payment of research by asset management companies (September 2016) AMF Public Consultation on the provision of future performance simulations to investors (December 2016) AMF Public Consultation on the implementation of the Delegated Directive 2017/593 (May 2017) AMF Public Consultation on the implementation of the Delegated Directive 2017/593 (May 2017) AMF Public Consultation on changes to its General Regulation in preparation for MiFID2 (November 2017) MiFID2 Guidelines for Management Companies (March 2018 (version 1) February 2017 (updated) Ordonnance 2016-827 23 relative aux marches d'instruments finaciers (June 2016) Ordonnance no 2017-1107 du 22 juin 2017 relative aux marchés d’instruments financiers et à la séparation du régime juridique des sociétés de gestion de portefeuille de celui des entreprises d’investissement (June 2017) Arrêté du 3 juillet 2017 portant homologation de modifications du règlement général de l'Autorité des marchés financiers (July 2017) Guide on new rules for the funding of research within MiFID 2 (July 2017) Décret n° 2017-1324 du 6 septembre 2017 relatif aux marchés d’instruments financiers et à la séparation du régime juridique des sociétés de gestion de portefeuille de celui des entreprises d’investissement (September 2017) Arrêté du 6 septembre 2017 concernant la séparation du régime juridique des sociétés de gestion de portefeuille de celui des entreprises d’investissement (September 2017) Arrêté du 6 septembre 2017 relatif au cantonnement des fonds de la clientèle des entreprises d’investissement (September 2017) MiFID2 Guidelines for Financial Investment Advisors (October 2017)
Germany: Federal Ministry of Finance (FiMaNoG)
FiMaNoG Referentenentwurf eines Gesetzes zur Novellierung von Finanzmarktvorschriften aufgrund europäischer Rechtsakte (Finanzmarktnovellierungsgesetz) - Ministerial draft on the Amendment of Financial Market Regulations (October 2015) 2. FiMaNoG-RefE Konsolidierte Fassung von Simmons & Simmons Referentenentwurf zur Novellierung von Finanzmarktvorschriften auf Grund europäischer Rechtsakte - Ministerial draft of a Second Act on the Amendment of Financial Market Regulations (September 2016) 2. FiMANoG Konsolidierte Fassung von Simmons & Simmons Regierungsentwurf eines Zweiten Gesetzes zur Novellierung von Finanzmarktvorschriften auf Grund europäischer Rechtsakte - Government draft of a Second Act on the Amendment of Financial Market Regulations (December 2016) 2. FiMaNoG Zweites Gesetz zur Novellierung von Finanzmarktvorschriften auf Grund europäischer Rechtsakte - Second German Financial Market Amendment Act (June 2017) Verordnung zur Konkretisierung der Verhaltensregeln und Organisationsanforderungen für Wertpapierdienstleistungsunternehmen (Wertpapierdienstleistungs-Verhaltens- und Organisationsverordnung – WpDVerOV) BaFin CP
Ireland
MiFID2 Public Consultation on Transposition of MiFID2 and MiFIR (July 2016) Consultation on Second Edition of the Central Bank Investment Firms Regulations including changes related to MiFID II (Consultation Paper CP 111) (July 2017) European Union (Markets in Financial Instruments) Regulations 2017 (SI 375 of 2017) (August 2017)
Italy
MASTER 05.05.2016 Documento di consultazione PARTE III TUF MASTER 05.05.2016 RELAZIONE PARTE III TUF MAGGIO 2016 MASTER 05.05.2016 DOC CONSULTAZIONE PARTI I II IV V e VI TUF Consultation Paper - Define how to transpose at the national level the ESMA guidelines on knowledge and competence requirements for financial advisers (December 2016) Consultation Paper - Proposed amendments to the Intermediaries' Regulation related to the provisions for investor protection and the knowledge and competence required of intermediaries' staff, in transposition of the directive 2014/65/EU (July 2017) Consultation Paper - Amendments to Book VIII of the Intermediary Rules on Financial Advisers (July 2017) Consultation Paper - Amendments to the Intermediary Rules on SIM licensing procedures and entry into EU investment firms in Italy and the rules applicable to managers in the implementation of Directive 2014/65 / EU (MiFID2) (July 2017) Consultation Paper - Amendments to the Market Regulations for the transposition of Directive 2014/65 / EU (MiFID2) and implementation of Regulation (EU) 600/2014 (MiFIR) (July 2017) Italian Legislative Decree No. 129 of 3 August 2017 implementing MIFID II (August 2017) Amendments to the Intermediaries’ Regulations regarding the operation in Italy of non-EU firms other than banks for the transposition of Directive 2014/65 / EU (MIFID II) (October 2017) Amendments to Intermediaries’ Regulation, Market Regulations and to rules on Venture Capital Fund-raising through on-line portals implementing Article 4-undecies of the Italian Financial Act on internal whistle-blowing systems. (November 2017) Italian Legislative Decree No. 129 (August 2017 - Italian version only)
Luxembourg
Press Release 16/43 has been made by the Commission de Surveillance de Secteur Financier (“CSSF”) regarding Article 26 (obligation to report transactions) of MiFIR (December 2016) Draft law n° 7157 on Market in Financial Instruments and implementing MiFID II into Luxembourg law (July 2017) Comments have been provided, by the Luxembourg Chamber of Commerce, on the Draft law implementing MiFID II and MiFIR (projet de loi 7157) (November 2017) Press Release 17/47 of the Commission de Surveillance de Secteur Financier (“CSSF”) on the application of MiFID II / MiFIR as of 3 January 2018 (December 2017)
Netherlands
Wetsvoorstel - Wet implementatie richtlijn markten voor financiële instrumenten (2014) Memorie van toelichting - Wet implementatie richtlijn markten voor financiële instrumenten (2014) Wetsvoorstel wet implementatie richtlijn markten voor financiële instrumenten (October 2016) MiFID2 Implementation Act (December 2017) MiFID2 Implementation Decree (December 2017) Regulation on PRIIPs, third pillar pension products and MiFID2 (December 2017) Regulation on Knowledge and Competence of Employees of Investment Firms FSA (January 2018)
Spain
Consultation Paper - first draft of the law which will implement MiFID2 and the supplemental Commission Delegated Directive of 07 April 2016 into Spanish law (March 2017) Preliminary draft law implementing MiFID2 and draft of Royal Decree which will implement regulation of the Spanish Securities Markets Act (August 2017) Updated Questions and Answers on MiFID II and MiFIR investor protection and intermediaries’ topics Communication (November 2017) Authorisation (November 2017) Table (November 2017) Table (December 2017) Statement on the implementation of Mifid II (January 2018) Instructions (December 2017) Communication (December 2017)
UK
HM Treasury Consultation Paper Transposition of MiFID2 (March 2015) HMT Consultation Paper MiFID2 impact assessment (March 2015) HMT Consultation Paper MiFID2 Annex A (March 2015) HMT Consultation Paper MiFID2 Annex B (March 2015) HMT Consultation Paper MiFID2 Annex C (March 2015) HMT Consultation Paper MiFID2 Annex D (March 2015) HM Treasury Policy Statement Transposition of MiFID2 (February 2017) FCA Discussion Paper (DP15/3) Developing our approach to implementing MiFID2 conduct of business and organisational requirements (March 2015) FCA Consultation Paper 1 (CP15/43) MiFID2 implementation (December 2015) FCA Consultation Paper II (CP16/19) MiFID2 implementation (July 2016) FCA Consultation Paper III (CP16/29) MiFID2 implementation (September 2016) FCA Consultation Paper IV (CP16/43) MiFID2 implementation (December 2016) FCA Consultation Paper V (CP17/8) MiFID2 implementation (March 2017) FCA Consultation Paper VI (CP17/19) MiFID2 implementation (July 2017) FCA Policy Statement I (PS17/5) MiFID2 implementation (March 2017) FCA Policy Statement II (PS17/14) MiFID2 implementation (July 2017) Occasional Consultation Paper (FCA CP17/34) (October 2017) PRA Consultation Paper I (CP9/16) MiFID2 implementation (March 2016) PRA Consultation Paper II (CP43/16) MiFID2 implementation (November 2016) PRA Policy Statement I (PS29/16) Response to CP9/16 (October 2016) PRA Policy Statement II (PS9/17) MiFID2 Implementation (April 2017) Occasional Consultation Paper (PRA CP18/17) (October 2017) PRA Policy Statement (PS31/17) Response to CP18/17 Occasional Consultation Paper - Ch. 7 & 8 (December 2017)
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