Norway – Govt Changes to MiFID II, MiFID

Norway – Govt Changes to MiFID II, MiFID

On 3 June 2024, NOR GVT issued two EEA notes on the potential changes to both MiFID II and MiFIR, setting out the areas for consideration for changes to be made.

  • On MiFID II, NOR GVT set out the change by introducing Directive 2024/790, of 28 February 2024 amending Dir 2014/65, on markets in financial instruments requirements.
  • On MiFIR, it confirmed Regulation 2024/791 of 28 February 2024 amending Reg 600/2014 was introduced to improve transparency of market information, and remove obstacles.
  • It is designed to create a consolidated disclosure system, thus optimizing the trading obligations, and prohibiting the receiving of payments for forwarding customer orders.