Stricto Sensu Investor Protection Under the 'MiFID II' : A Systematic Overview of Articles 24-30

This study is aiming to present (and to a certain extent analyse) the provisions of Articles 24-30 of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 “on markets in financial instruments (…)” (‘MiFID II') – including the relevant provisions of the delegated acts adopted by the Commission and the Guidelines adopted by the European Securities and Markets Authority (‘ESMA') – which govern the stricto sensu investor protection of clients to whom credit institutions and investment firms are providing investment and ancillary services. These Articles (and in particular Articles 24-25 and 27-28) contain ‘code of conduct rules', which constitute one of the cornerstones in contemporary capital markets law and must (as MiFID II as a whole) be read in conjunction with Regulation (EU) No 600/2014 “on markets in financial instruments” of the same institutions and of the same date (‘MiFIR')