what s next for financial regulations after mifid ii 
the law mandated a review that began in 2020 of its effects on the eu s financial markets in october 2023 the eu finalized changes highlighted in the review to put to a parliamentary vote the changes to mifid ii aim to increase transparency and ban conflicts of interest here are some of the changes in store for mifid ii the eu would establish centralized data feeds known as consolidated tapes to aggregate crucial market data from multiple trading platforms including stock exchanges and investment banks this aggregation aims to give institutional and retail investors easier access to the latest data on the volume and prices of trading in securities this change would ban brokers from being compensated for directing client orders to specific trading platforms some eu member states where the practice is prevalent have been granted an extension until 2026 to enforce this ban the change also aligns the eu with markets in the u k which already banned pfof the eu s regulated markets will be required to have plans to temporarily pause or limit trading during emergencies or when there s a significant price fluctuation in a financial instrument over a short period in extraordinary circumstances the markets should be able to cancel change or correct any transaction 