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MiFID stands for Markets in Financial Instruments Directive. Briefly explained, MiFID is a European directive that protects you as an investor. MiFID II determines the rules that financial institutions must follow when they offer you investment products or advise you about them. This ensures solid investor protection and also more transparency and better conditions on the market.
When your bank provides you with investment advice, it must draw up an investor profile for you based on a questionnaire. This makes it clear what you know about investment products, whether you have experience with them, what your objectives are and how much risk you wish to take. Based on this investment profile, the bank knows which investment products it can offer you, i.e. only those products that match your profile and therefore your personal knowledge and experience.
Febelfin has made up a clear brochure about the MiFID II directive that offers relevant and clear explanations and answers questions you may have as an investor.