What does MiFID stand for?

MiFID stands for "Market in Financial Instruments Directive." This is an important piece of legislation in the European Union that aims to regulate financial markets and improve protections for investors. MiFID was implemented to enhance transparency, efficiency, and competition within the financial services sector, particularly focusing on the trading of financial instruments and the operation of investment firms. It sets out the framework for how these instruments should be offered, including rules on disclosure, client protection, and best execution standards.

The other options are incorrect because they either misstate the focus of the directive or use incorrect terminology. For instance, "Markets in Financial Information Directive" inaccurately describes the scope of MiFID, which is not specifically about financial information. "Monetary Instruments Financial Directive" and "Market Investments in Financial Directive" also do not align with the accurate definition or scope of MiFID, as they introduce terms that do not reflect the legislation's intent or impact on the financial markets.