how does brexit affect mifid ii 
after the united kingdom left the european union the two economies had two substantially similar regulatory regimes but they lost their ability to trade easily british firms lost their license to provide financial services to eu clients and vice versa it also created duplicate reporting requirements for the two areas 3the bottom linemifid or the markets in financial instruments directive was a set of european regulations governing equities markets in the european union it was intended to enhance transparency and reporting requirements to protect european investors these rules were replaced by the revised mifid ii regulation in 2018 and the amendment of 2022 