/**
 * MiFID II Compliance Pack
 *
 * Markets in Financial Instruments Directive II (Directive 2014/65/EU)
 * and its implementing regulation MiFIR (Regulation 600/2014/EU).
 * Current consolidated state: as amended by the MiFID II Quick Fix
 * (Directive 2021/338/EU) and the Investment Firms Regulation (IFR/IFD,
 * effective June 2021). ESMA Guidelines on AI/ML in investment advice
 * and suitability assessments are in force from 2023.
 *
 * Key obligations for AI systems:
 *   - Best-execution policy (Art. 27): AI routing/trading must document
 *     and achieve best execution on a consistent basis.
 *   - Product governance / target market (Arts. 16(3), 24): AI must not
 *     distribute products outside the manufacturer's identified target
 *     market.
 *   - Suitability / appropriateness (Arts. 25, 54-56 MiFID II Delegated
 *     Reg 2017/565): AI investment advice requires suitability check
 *     per client; aggregated AI recommendations are non-compliant without
 *     per-client assessment.
 *   - Algo trading / HFT (Art. 17): Algorithmic trading systems require
 *     kill-switch, annual self-assessment, and regulator notification.
 *   - Record keeping (Art. 16(6), Art. 25(5)): minimum 5 years; ESMA
 *     may extend to 7 years. All AI interactions on a client matter
 *     constitute "records of communications".
 *   - Transparency / reporting: pre- and post-trade transparency
 *     obligations where AI is involved in price formation.
 *
 * Sovereignty: EU (EEA adoption). Equivalent third-country regimes apply
 * to UK (UK MiFID), Switzerland (FinSA), and others by reference.
 *
 * // TODO verify citation with Vera: specific ESMA Guidelines on algo
 * // trading self-assessment frequency (currently understood as annual).
 *
 * @connexum/ai-governance
 */
import { CompliancePack } from './index';
import { CategoryClassifiers } from '../classification/pack-driven-classifier';
/**
 * MiFID II (EU 2014/65) category classifiers.
 * Markets in Financial Instruments Directive -- covers client financial data,
 * suitability profiles, order data, and personal data of EU investors.
 * Note: BEST_EXECUTION_FAILURE is a process-flow category not detectable
 * via pattern; it is detected at the business-logic layer.
 */
export declare const MIFID2_CATEGORY_CLASSIFIERS: CategoryClassifiers;
export declare const MIFID2_PACK: CompliancePack & {
    categoryClassifiers: CategoryClassifiers;
    subjectKeyedCategories: string[];
};
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