The European Commission has launched a Public Consultation on reviewing the Directive and Regulation on Markets in Financial Instruments (respectively MiFID II — Directive 2014/65/EU — and MiFIR — Regulation (EU) No 600/2014). Under Section 2. IX. Digitalisation and new technologies, on page 88 of the Consultation, the questionnaire aims to, in line with the new Digital Finance strategy, address obstacles or identify gaps in the MiFID II /MiFIR framework which could prevent the take-up of financial innovation or leave certain of the risks brought by these innovations unaddressed.
However, the Commission stresses that, to avoid overlapping, this consultation only focuses on targeted aspects, which are not covered by current horizontal consultations, including the consultation on crypto-assets. The Commission will of course take into consideration any relevant input received in the horizontal consultations in its future policy work on the MiFID II/MiFIR framework.
