What is one of the core MIFID activities?

The core MiFID (Markets in Financial Instruments Directive) activities primarily focus on enhancing investor protection and creating a more integrated European financial market. Among these activities, arranging deals in investments stands out as a fundamental component.

Arranging deals involves facilitating transactions in financial instruments on behalf of clients, which is a regulated activity under MiFID. This includes acting as an intermediary to ensure that clients can buy or sell various investment products such as stocks, bonds, or derivatives. This activity requires firms to comply with specific regulatory standards and obtain the necessary authorizations to operate, emphasizing the importance of investor protection, transparency, and market integrity.

The other activities mentioned do not align with the core objectives and regulatory framework of MiFID. Providing financial advice without a license can compromise investor protection, while trading personal assets for profit falls outside the scope of regulated activities under MiFID. Managing personal retirement accounts, while important, does not specifically pertain to the core activities outlined by MiFID, which focus more on the functioning of markets and the provision of services in financial instruments.