One of the benefits for European Union Member States is more streamlined clearance procedures at national borders, which virtually allows citizens to hold a "single passport." Businesses in the EU have similar benefits, such as the Markets in Financial Instruments Directive ("MiFID") which gives investment firms the opportunity to have a "single passport" to operate in all EU Member States once they receive authorization. This "passport" comes at a cost that requires companies to have stronger information security, risk management and internal controls, compliance monitoring and data retention, protection, and disclosure measures.

Download this white paper to better understand the major categories of security requirements under MiFID:

• Operational and organizational requirements
• Monitoring requirements
• Disclosure requirements
• And much more