EU poised to push MiFID II back to 2018

Follows complaints over 'unfeasible' deadline

Daniel Flynn
clock • 3 min read

The European Commission could delay the implementation of the Markets in Financial Instruments Directive II (MiFID II) by a year, following pressure from stakeholders and regulators claiming its January 2017 introduction is "unfeasible".

According to Reuters, Martin Merlin, an official at the Commission, told the parliament's Economic and Monetary Affairs Committee today that the legislation must be delayed to ensure a "smooth and effective implementation". "We will need to decide what the scope and duration for that delay should be," he said. "The simplest and most legally sound approach would be to delay the whole package by one year." Industry 'squeezed for time' as MiFID II hit by technical standards delay MiFID II is the revision to the first version of the Markets in Financial Instruments Directive, aiming to...

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