EU · MiFIR · TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

Article 1 MiFIRSubject matter and scope

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Sets MiFIR's subject matter and scope: trade transparency, transaction reporting, the derivatives trading obligation, non-discriminatory access to clearing and benchmarks, product intervention and position powers, third-country firms, and data reporting services providers. It applies to investment firms, credit institutions and market operators, with specific titles applying to EMIR counterparties, CCPs and benchmark owners, and third-country firms; securities financing transactions are excluded from transparency, and ESCB transactions are exempt from certain transparency requirements.

Amendments and application dates

Amending act	Change	Applies from
Regulation (EU) 2016/1033	Text inserted	1 Jul 2016
Regulation (EU) 2019/2033	Text inserted	by 26 Jun 2021
Regulation (EU) 2019/2175	Text inserted	by 1 Jan 2022
Regulation (EU) 2024/791	Text inserted; Text amended	28 Mar 2024

Level 2: delegated and implementing acts

Delegated actIn forceLegal basis
Commission Delegated Regulation (EU) 2019/1000 of 14 March 2019 amending Delegated Regulation (EU) 2017/1799 as regards the exemption of the People's Bank of China from the pre- and post-trade transparency requirements in Regulation (EU) No 600/2014 of the European Parliament and of the Council
European Commission · 20 Jun 2019 · EUR-Lex
AI summaryAmends Delegated Regulation 2017/1799 to add the People's Bank of China to the third-country central banks whose monetary, foreign exchange and financial stability transactions are exempt from MiFIR pre- and post-trade transparency.
Delegated actIn forceLegal basis
Commission Delegated Regulation (EU) 2019/462 of 30 January 2019 amending Delegated Regulation (EU) 2017/1799 as regards the exemption of the Bank of England from the pre- and post-trade transparency requirements in Regulation (EU) No 600/2014 of the European Parliament and of the Council
European Commission · 22 Mar 2019 · EUR-Lex
AI summaryAmends Delegated Regulation 2017/1799 to add the Bank of England to the third-country central banks whose monetary, foreign exchange and financial stability transactions are exempt from MiFIR pre- and post-trade transparency, so the exemption continues after the UK's withdrawal from the EU.
Delegated actIn forceLegal basis
Commission Delegated Regulation (EU) 2017/1799 of 12 June 2017 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council as regards the exemption of certain third countries central banks in their performance of monetary, foreign exchange and financial stability policies from pre- and post-trade transparency requirements
European Commission · 7 Oct 2017 · EUR-Lex
AI summaryExempts from MiFIR pre- and post-trade transparency the transactions of listed third-country central banks and the Bank for International Settlements carried out for monetary, foreign exchange and financial stability policy, under Article 1(9) MiFIR. The list has since been extended, including to the Bank of England and the People's Bank of China.
RTSIn forceLegal basis
Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 2 on transparency for bonds, structured finance products, emission allowances and derivatives: sets pre-trade transparency by trading system type, large-in-scale and size-specific-to-the-instrument thresholds, order management facility sizes, the liquidity assessment of each instrument class, and post-trade publication content and deferral regimes. Amended several times, notably by Delegated Regulations 2021/529, 2022/629, 2023/945 and 2025/1246.

Level 3: ESMA Q&As, guidelines and opinions

Q&ALegacy Q&A documentESMA rulebook
ESMA35-43-349: Questions and Answers On MiFID II and MiFIR investor protection and intermediaries topics
ESMA · the ESMA website
AI summaryESMA's consolidated legacy Q&A document (ESMA35-43-349, final version 15 December 2023) on MiFID II investor protection topics, including best execution, suitability, call recording, inducements and research, costs and charges, client categorisation, third-country firms and product governance. It is no longer updated; Q&As from 2024 are in ESMA's Q&A tool.

Commentary

No law-firm commentary is linked to this provision yet.

219 more documents relate to MiFIR as a whole without naming an article.

UK counterpart

Article 1 UK MiFIR · Subject matter and scope
UK MiFIR
Revocation enacted by Financial Services and Markets Act 2023; no commencement date yet.
DivergedExplicit reference
EU changes after exit: Regulation (EU) 2019/2033 (by 26 Jun 2021), Regulation (EU) 2019/2175 (by 1 Jan 2022), Regulation (EU) 2024/791 (from 28 Mar 2024). UK changes after onshoring: Financial Services Act 2021 (from 1 Jul 2021), Financial Services and Markets Act 2023 (from 29 Aug 2023). UK revocation enacted (Financial Services and Markets Act 2023), not yet commenced.

Version history

From 28 Mar 2024
From 1 Jan 2022 to 28 Mar 2024
From 26 Jun 2021 to 1 Jan 2022
From 1 Jul 2016 to 26 Jun 2021
From 2 Jul 2014 to 1 Jul 2016

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.