MIFID II Conference

New Partners
ESA Business Incubation Centre opening ceremony

On 7 September 2017, Dr. Kornél Szabó, deputy head of office at Sárhegyi and Partners Law Firm, held a presentation at MiFID II Conference (Directive 2014/65/EU of the European Parliament and of the Council on Markets in Financial Instruments), which was organised by Portfolio.hu, a leading Hungarian online financial journal. The discussion was about the effects of the Directive’s entry into force as it creates practical challenges for the participants of the national financial sector. At the Conference, which was also sponsored by our Firm, Dr. Kornél Szabó introduced the legal implementation of MiFID II. Our colleague and other participants came to the same conclusions: in spite of the few advantages, the obligations that have been imposed would lead to a great competitive disadvantage and unnecessary burden to the members of the financial market and – indirectly – also to the investors, whose protection is the aim of the Directive.