The Markets in Financial Instruments Directive (MiFID) (2004/39/EC) provides harmonised regulation for investment services across the member states of the European Economic Area.

ISLA works with its members on the many aspects of MiFID including Corporate Governance, Trade Reporting and Best Execution. Each part of MiFID that effects the securities lending market may result in advocacy work or the introduction of new or evolved best practices

Markets in Financial Instruments Regulation (MiFIR) is the EU regulation closely aligned to MiFID which mandates transaction reporting of foreign exchange (FX), commodity and Over-The-Counter (OTC) transactions. It also requires reporting of instruments traded on Organized Trading Facilities (OTFs) and Multilateral Trading Facilities (MTFs).

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