> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica.wtf/mifid-ii/readme.md).

# MiFID II

**Directive 2014/65/EU** — of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU

The full text is available article by article, one page per article (`articles/<number>`). Every numbered paragraph and point carries a stable anchor (`#p-3` for paragraph 3, `#p-3-a` for its point (a)), so any provision can be cited with a direct link. The English consolidated manifestation from CELLAR is reproduced verbatim; the official text remains the EU publication at [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606).

## Structure

| Chapter / Section                                                                                                                                                                                                                   | Articles   |
| ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- |
| [Title I — Scope and definitions](/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/1.md)                                                                                                                                   | Art. 1–4   |
| [Title II — Authorisation and operating conditions for investment firms](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/5.md)                                                    | Art. 5–43  |
| [Title III — Regulated markets](/mica.wtf/mifid-ii/title-iii-regulated-markets-art.-44-56/44.md)                                                                                                                                    | Art. 44–56 |
| [Title IV — Position limits and position management controls in commodity derivatives and reporting](/mica.wtf/mifid-ii/title-iv-position-limits-and-position-management-controls-in-commodity-derivatives-and-reporting-art/57.md) | Art. 57–58 |
| [Title V — Data reporting services](/mica.wtf/mifid-ii/title-v-data-reporting-services-art.-59-66/59.md)                                                                                                                            | Art. 59–66 |
| [Title VI — Competent authorities](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/67.md)                                                                                                                              | Art. 67–88 |
| [Title VII — Delegated acts](/mica.wtf/mifid-ii/title-vii-delegated-acts-art.-89-97/89.md)                                                                                                                                          | Art. 89–97 |


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