The revision of MiFID/MIFIR 2 will focus on two priority areas. Thus, the European Commission will focus on the problems of inefficiency of stock market data, free access for CCPs and strengthening of the market structure.

The obligation to trade shares and the distribution of transactions between regulated exchanges, multilateral exchanges and investment banks that trade shares on their books, constitute the main menu of the revision of MiFID/MIFIR 2.
At a conference organised by Bloomberg, Tilman Lueder, head of DG FISMA's Securities Markets Unit at the European Commission, said he did not expect investment banks to account for such a large share. " We need to look at whether this is a result of MiFID. Investment banks fill gaps for large asset managers and large volumes, but they also execute smaller tickets. We need to see if this is an effective way to organize ," said Tilman Lueder.
Udo Franke, head of the stock markets and securities division of the German Ministry of Finance, said the review should focus on issues relating to market structures. The revision will make it possible to monitor the flow of OTC derivatives after Brexit and to study the vertical integration of derivatives traded on stock exchanges.