UK MiFID II definition

UK MiFID II means the recast Markets in Financial Instruments Directive (Directive 2014/65/EU), Regulation (EU) No. 600/2014 of the European Parliament and the Council of 15 May 2014 and all related implementing or supplementary legislation and technical standards (a) as it has become retained EU law and effective in the United Kingdom under the European Union (Withdrawal) Act 2018, and (b) as it is amended from time to time

UK MiFID II means EU Directive 2014/65/EU as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018;

UK MiFID II means assimilated EU Directive 2014/65/EU as it forms part of the laws of the United Kingdom by virtue of the EUWA;

Examples of UK MiFID II in a sentence

• Whether or not certain requirements of UK MiFID II apply to our SI firm quotes depends on whether the size of the order is above or below the standard market size (SMS) for that share.

• UK MiFID II also requires SIs to comply with rules relating to quoting (including access to quotes) and pricing.

• UK MiFID II prescribes that for shares admitted to trading on a regulated market or traded on a trading venue, investment firms must (except in limited circumstances) trade them on a regulated market, MTF, OTF, non-UK equivalent market or a systematic internaliser (see Article 23 of UK MiFIR).

• The Company’s Ordinary Shares are expected to be excluded from the FCA’s restrictions which apply to non-mainstream pooled investment products because they are shares in a real estate investment trust.The Company intends to conduct its affairs so that its Ordinary Shares can be recommended by financial advisers to retail investors in accordance with the rules on the distribution of financial instruments under UK MiFID II.

• With respect to continuity of access, Liz explained, as a result of separation of the UK MiFID II regime from the EU MiFID II regime, the harmonization of instruments available for trading on a venue, the ‘universe ofinstruments’ will become non-standard.

• UK MiFID II prescribes that for shares admitted to trading on a regulated market or traded on a trading venue, investment firms must (except in limited circumstances) trade them on a regulated market, MTF, OTF, non-UK equivalent market or a systematic internaliser (see Article 23 of the UK version of Regulation (EU) 600/2014 (UK MiFIR).

• The Directors consider that the requirements of Article 57 of the UK MiFID II Delegated Regulation will be met in relation to the Company’s Ordinary Shares and that, accordingly, the Ordinary Shares should be considered “non-complex” for the purposes of UK MiFID II.

• In accordance with UK MiFID II, unexecuted client limit orders must be made public immediately unless the client expressly instructs otherwise.

• This will normally done by way of contract note or other forms of electronic communication.Data relating to the quality of execution of transactions by Cenkos is published on an annual basis on Cenkos’ website at www.cenkos.com/site- services/legal-and-regulatory in accordance with UK MiFID II.

• FIA considers that the inclusion of securitised derivatives in the definition of “commodity derivatives” contradicts the principle that transferable securities (section C(1) , Annex I of UK MiFID II) are not derivatives (sections C(4) to C(10), Annex I of UK MiFID II) and therefore are not subject to the same legal regime as derivatives and creates confusion between transferable securities and derivatives in UK MiFID II.