FIA EPTA welcomes the opportunity to respond to the consultation by the German Ministry of Finance on the implementation experiences of MiFID II in its first year of its application. Overall, we believe MiFID II/MiFIR has had a positive impact on European financial markets and has contributed to making markets more efficient, resilient and transparent. Our response suggests changes we believe would further improve the MiFID II/MiFIR legislative framework in achieving the aims and aspirations originally set out.
