Definition ∞ MiFID II instruments are financial products and services regulated under the European Union’s Markets in Financial Instruments Directive II. This directive governs trading venues, investment firms, and a wide array of financial products to ensure market transparency and investor protection. These instruments include equities, bonds, derivatives, and other structured financial products. Their classification dictates specific regulatory obligations.
Context ∞ The applicability of MiFID II to certain digital assets is a frequent subject in European financial news, as it determines their regulatory treatment. Cryptocurrencies that qualify as MiFID II instruments face stringent requirements regarding disclosure, trading conduct, and investor safeguards. This classification impacts how digital assets are offered and traded within the European financial ecosystem.