Markets in Financial Instruments Directive II.
MiFID II governs the provision of investment services across the EU, requiring transaction reporting, best execution, product governance, and transparency for financial instruments trading.
Maximum penalty
€5M or 5% turnover
Source: Article 70
Key requirements
Transaction reporting to competent authorities
Best execution obligations
Product governance and target market assessment
Cost and charges transparency
+2 more requirements in the complete guide.
Get the full MiFID II compliance guide →Enforcement examples
Commerzbank
Transaction reporting failures (BaFin)
€650K
2023
How Tessera automates MiFID II compliance
Transaction reporting automation
Best execution monitoring and evidence
Product governance compliance tracking
Cost transparency report generation
MiFID II compliance checklist
Essential steps to achieve and maintain MiFID II compliance.
Implement transaction reporting infrastructure
Establish best execution policy and monitoring
Define product governance procedures
+2 more steps in the full checklist.
Get your complete MiFID II compliance checklist - free →Industries affected
Calculate your MiFID II exposure.
See exactly how MiFID II penalties apply to your revenue and industry profile.