Markets in Financial Instruments Act 2018

MiFID Firms

Date: 19 November 2018

On 29 October 2018, the Minister for Finance published the Markets in Financial Instruments Act 2018 (Act 25 of 2018) (the Act).

In relation to the European Union (Markets in Financial Instruments) Regulations 2017, the Act provides for indictable offences that carry greater maximum penalties than are permitted by the European Communities Act 1972 and fees in respect of the performance by the Central Bank of certain functions. In addition, the Act repeals and amends a number of legislative provisions concerning credit reporting and Financial Services and Pensions Ombudsman.