MiFID I (Markets in Financial Instruments Directive I) became effective in 2007 and set certain level for the provision of investment services and transparency of the financial markets across the EU.
In 2014, Directive 2014/65/EU, commonly known as MiFID II, replaced MiFID I, and together with Regulation (EU) No 600/2014 provides a legal framework for securities markets, investment intermediaries and trading venues ensures the appropriate level of investor protection and strengthen the supervisory power.
MiFID II was transposed in Cyprus Law for the provision investment services, exercise of investment activities, operations of regulated markets and other related matters Law 87(I)/2017.
MiFID II, widely regarded as one of the most significant regulatory initiatives undertaken by the EU since 2008, addresses issues in respect to transparency, investor protection and market infrastructure being:
- authorisation and organisational requirements,
- product governance,
- transaction reporting,
- best execution commitment,
- rules on inducements,
- investor protection.
Wise Wolves Finance Ltd is acting in accordance with all requirements of MiFID and CySEC legislations relating to risk management.
Trading in financial instruments may involve a high degree of risk and may not be suitable to all investors. Trading in financial instruments can result in both loss and profit. Investor should carefully consider whether any investment advice suits needs, financial resources and personal circumstances. For further information, please refer to our Disclosures.
The information contained in this site is solely for informational purposes only and it is not and should not be construed as an offer or a solicitation of an offer, to buy or sell any securities and other financial instruments and cannot be relied upon as a representation that any particular transaction necessarily could have been or can be effected at the stated price.