The Market in Financial Instruments Act entered into force on August 11 2007. The main reason for its adoption is the implementation of the Market in Financial Instruments Directive (2004/39/EC) (Mifid), the directive on the harmonization of transparency requirements in relation to information about issuers whose securities are admitted to trade on regulated markets (2004/109/EC) (the Transparency Directive), and Directives 2006/48/EC and 2006/49/EC on the capital adequacy of investment firms and credit institutions, in a scope applicable to investment firms.
August 31 2007