MiFID II — Markets in Financial Instruments Directive II (Investment Services Conduct)
MiFID II — Markets in Financial Instruments Directive II (Investment Services Conduct) — 50% covered.
4 requirements · 0 enforced · 4 designed · 0 advisory · 0 deferred.
Source: Directive 2014/65/EU (MiFID II) and Regulation (EU) 600/2014 (MiFIR) govern the provision of investment services in the EU — investment advice, discretionary portfolio management, reception and transmission of orders, and execution of orders. They impose acting honestly, fairly and professionally in the best interests of the client (Art. 24), suitability and appropriateness assessment (Art. 25), best execution (Art. 27), and recordkeeping of the basis of advice and orders. KYE Protocol governs whether an AI-assisted investment decision/action is within mandate, authorised, evidenced, and final at the action boundary, and proves the basis. KYE does not produce investment intelligence, perform the suitability assessment itself, judge whether a recommendation is correct, or act as an investment adviser. · License: MiFID II (Directive 2014/65/EU) is EU legislation published in the Official Journal of the European Union. KYE registry cites its conduct articles for mapping purposes only.
By category
| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
|---|---|---|---|---|---|---|
| Acting in the client's best interest (Art. 24) | 1 | 0 | 1 | 0 | 0 | 50% |
| Suitability & appropriateness (Art. 25) | 1 | 0 | 1 | 0 | 0 | 50% |
| Best execution (Art. 27) | 1 | 0 | 1 | 0 | 0 | 50% |
| Recordkeeping & basis of advice | 1 | 0 | 1 | 0 | 0 | 50% |
Every requirement → the KYE™ artefact that enforces it
| ID | Title | Status | KYE™ enforcement |
|---|---|---|---|
mifid-ii.art24-best-interest |
Acting in the client's best interest (Art. 24): an AI-generated decision proceeds only under recorded named authority | designed | rule_packs: kye:rule-pack:investment-decision-authorityconstitution_refs: constitution/36-GOVERNEDUI.md |
mifid-ii.art25-suitability |
Suitability & appropriateness (Art. 25): the suitability basis is recorded as a mandate / due-diligence check before the action | designed | rule_packs: kye:rule-pack:investment-decision-authoritydictionaries: internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mifid-ii.art27-best-execution |
Best execution (Art. 27): a trade recommendation proceeds only with a recorded mandate check and named authority | designed | rule_packs: kye:rule-pack:investment-decision-authorityconstitution_refs: constitution/25-EDGE-GOVERNANCE.md |
mifid-ii.recordkeeping-basis-of-advice |
Recordkeeping & basis of advice: replay-provable provenance of the basis on which an AI-assisted decision proceeded | designed | rule_packs: kye:rule-pack:investment-decision-authoritydictionaries: internalconstitution_refs: constitution/13-RESILIENCE-LOOP.md |