On October 20, the European Commission tabled proposals to significantly revise the Markets in Financial Instruments Directive (MiFID). These proposals (known as MiFID II) are intended to: (i) make financial markets more efficient and resilient; (ii) take account of technological developments since MiFID was implemented in November 2007; (iii) increase transparency of both equity and non-equity markets and (iv) reinforce supervisory powers and introduce a stricter framework for commodity derivatives markets and strengthen investor protection.  Click here to read more.