The Financial Services Action Plan (FSAP) was an initiative launched by the European Commission in 1999, aimed at integrating EU financial markets. It consisted of 42 proposed measures intended to be completed by 2005, with significant legislative achievements finalized by 2007.
The Investment Services Directive (ISD) of 1993 provided a regulatory framework for securities dealing within the European Union. It established that securities firms admitted by their domestic regulator could operate throughout Europe. From 2007, the ISD was superseded by the Markets in Financial Instruments Directive (MiFID), which further consolidated the single market for financial services.
The Markets in Financial Instruments Directive (MiFID) is an EU directive that aims to increase competition and enhance investor protection by providing a comprehensive regulatory regime for financial services and markets throughout the European Economic Area. MiFID superseded the Investment Services Directive (ISD) in November 2007.
MiFID (Markets in Financial Instruments Directive) is a regulatory framework that standardizes the financial markets across the European Union, enhancing transparency and protecting investors.
