MiFID II, a comprehensive directive established by the European Union, primarily aims to achieve the following objectives:

• Investor Protection: It defines the operational conditions for investment firms with a key focus on ensuring robust investor protection.

• Harmonize Regulatory Framework: MiFID II seeks to harmonize the regulatory framework that governs investment services across the European Union, promoting consistency and fairness.

• Boost Market Transparency: By increasing transparency in the European securities market, MiFID II aims to bolster confidence, address areas previously unregulated, and ensure that supervisory authorities are equipped with sufficient powers to effectively perform their duties.