The main objectives of this Regulation can be summarized in a few lines:

• Improvement of protection measures for investors.
• Modernization of financial markets.
• Adaptation of  investment services companies to new solvency and working requirements.
• Increase of power held by the Spanish Stock Market Commission.

This Directive has been included in the Spanish legislation through Law 47/2007 of 19^th December, amending Law 24/1988 of 28^th of July, on the Securities Market.

The adaptation of Banca March to this Directive has implied a gret deal of effort from all employees so as to provide customers with those tools enabling them to have the appropriate security level for their investments.

In order to comply with this requirement, Banca March has chosen to grant customers the highest protection level, thus by classifying them as retail banking customers. 

For further details on the advantages resulting from the MIFID implementation, you can read our Guide with General Information. Otherwise you can click here for other explanations in English from the EU official web site.