On the 30th June 2014, the European Markets and Securities Authority (ESMA) published a brief information document targeted at retail investors explaining the impact of the changes relative to investor protection under the MiFID II reform.

The document provides an overview of the changes taking place with respect to MiFID and highlights the key features most relevant to retail investors.

The changes under MiFID II are expected to take effect over the course of the next few years and will apply across all European Member States.

ESMA’s short guidance note is available on its official website.