The European Commission has updated its Your questions on MiFID paper. The paper now includes questions and answers on the following points:

The definitions of 'investment activity' and 'investment service'.

Best execution - application to subscription or redemption of UCITS.

Client classification - can an investment firm refuse a request by a professional client to be treated as a retail client.

For more information, please refer to our MiFID updater.

View European Commission updates its MiFID Q&A paper, (PDF 363KB), 3 August 2007