AFME is pleased to partner with Linklaters in helping financial institutions navigate and implement regulatory requirements as it relates to MiFIR/D II. Our updated publication builds on our first issue, which we published in October 2024, and covers key developments in secondary capital markets in both the EU and UK from October 2024 to March 2025.

We have analysed the key interpretation and implementation issues related to areas such as market structure, transparency, market data, consolidated tape, execution of client order, transaction reporting and investment research.

Our guide is primarily written for sell side firms operating in wholesale secondary markets, however, it will be of wider interest to other market participants.