The MiFID directive represents a milestone for European financial markets, and in particular, for the Italian market.

The disappearance of the exchanges concentration rule means in fact that market management companies and intermediaries find themselves in a wider competitive scenario, with all the opportunities and risks that this implies.

The new compliance function has therefore become an indispensable tool for financial operators pursuing innovation, at the same time guaranteeing investor protection.
This takes on even greater strategic importance in the new European scenario which, due to MiFID, is seeing an increase in the level of competition and the need to provide guarantees to investors.