Cfinancials
Big Data Technology for Investor Protection

MiFID II

MiFID II and MIFIR (https://www.esma.europa.eu/policy-rules/mifid-ii-and-mifir) is the Markets in Financial Instruments Directive (2004/39/EC). It has been applicable across the European Union since November 2007. It is a cornerstone of the EU's regulation of financial markets seeking to improve the competitiveness of EU financial markets by creating a single market for investment services and activities and to ensure a high degree of harmonised protection for investors in financial instruments.

TIPER® is the only solution of its kind to meet these requirements. Investment and consultancy firms can not compete with our solution.

ESMA Final Report / Guidelines on MiFID II product governance requirements 2.6.2017

https://www.esma.europa.eu/sites/default/files/library/esma35-43-620_report_on_guidelines_on_product_governance.pdf

Commission's Data Economy Package initiative 17.1.2017

https://ec.europa.eu/digital-single-market/en/news/communication-building-european-data-economy

Joint Committee of the European Supervisory Authorities 19.12.2016

Sectoral financial requirements

https://www.esma.europa.eu/press-news/esma-news/european-supervisory-authorities-consult-big-data
Paragraph 28.

Several conduct of business principles are also relevant to the use of Big Data, such as:

https://www.esma.europa.eu/press-news/esma-news/european-supervisory-authorities-consult-big-data
Paragraph 30.

Commission Delegated Directive 7.4.2016

Product Governance

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2031-EN-F1-1.PDF
Art. 9(1) Art. 9(2) Art. 9( 3) Art. 9(4) Art. 9(5) Art. 9(6) Art. 9(7) Art. 9(9) Art. 9(10) Art. 9(11) Art. 9(14) Art. 9(15) Art.10(1) Art.10(2) Art.10(5) Art.10(6) Art.10(7) Art.10(8) Art.10(10)

Inducements

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2031-EN-F1-1.PDF
Art. 11 (2) (3) (4)

Safeguarding of client financial instruments and funds

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2031-EN-F1-1.PDF
Art. 2(f)

Inducements in relation to research

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2031-EN-F1-1.PDF
Art. 13 (iv)

Whereas
2.5.15.17.18.19.20.21.22.23

Commission Delegated Directive 25.4.2016

Conflicts of interest potentially detrimental to a client

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 33 Art. 34(1) (2) (3) (4) (5) Art. 35

Information to Clients and Potential Clients

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 44 / Art. 48(1) Art. 48(2) Art. 48(4) Art. 48(5)

Assessment of Suitability and Appropriateness

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 54(1) Art. 54(2) Art. 54(3) Art. 54(5) Art. 54(7) Art. 54(9) Art. 54(10) Art. 54(12) Art. 54(13) Art. 55(1) Art. 56(1) Art. 56(2)

Provision of services in non-complex instruments

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 57 (b) Art. 57 (d) Art. 57 (e) Art. 57 (f)

Risk Management

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 23 (a) Art. 23 (b) Art. 23 (C) Art. 23 (2a) Art. 23 (2b)

Investment research and marketing communications

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 36 (1a)

Information about investment advise

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 52 (1) Art. 52 (2) Art. 52 (3) Art. 52 (4) Art. 52 (5)

Investment advise on an independent basis

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-2398-EN-F1-1.PDF
Art. 53 (1) Art. 53 (2) Art. 53 (3)

Whereas
14.15.16.17.45.46.47.48.84.85.86.87.88.89

European Insurance and Occupational Pensions Authority 11.1.2016

https://eiopa.europa.eu/Publications/Reports/EIOPA-16-015_EIOPA_Strategy_on_Conduct_Supervision_Framework_sanitised.pdf
4. EIOPA's Strategic Approach to preventive, risk-based conduct supervision

MiFID II Level 1 12.6.2014
Operating conditions for investment firms

Section 1 General provisions

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0065&from=EN
Art. 23 (2) Art. 16(3) Art. 23 (4)

Section 2 Provisions to ensure investor protection

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0065&from=EN
General principles and information to clients
Art. 24(1) Art. 24(2) Art. 24(3) Art. 24(4) Art. 24(5) Art. 24(11) Art. 24(12) Art. 24(13)

Assessment of suitability and appropriateness and reporting to clients

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0065&from=EN
Art. 25(1) Art. 25(2) Art. 25(3) Art. 25(6)

CHAPTER IIIA

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014R0600&from=EN
Additional customer protection requirements in relation to insurance-Based investment products
Art.13a Art.13b Art.13c Art 13d

PRIIPS

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L:2014:352:FULL&from=EN
Form and content of the key information document
Art. 6 (1) / Art. 8 (2) / Art. 17 (1) Art. 17 (7)

MiFID II countries (43) Austria, Argentina*, Brazil*, Belgium, Bolivia*, Bulgaria, Chile*, Columbia*, Croatia, Cyprus, Czech Republic, Denmark, Ecuador*, Estonia, Finland, France, French Guiana*, Germany, Greece, Guyana*, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Mexico*, Netherlands, Paraguay*, Peru*, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Suriname*, Sweden, United Kingdom, Uruguay*, Venezuela*.
*Each country names MiFID II differently but implements the same directive.