European parliament in favour of year-long MiFID II delay

Set for January 2018 introduction

Members of European parliament overseeing Markets in Financial Instruments Directive II (MiFID) are set to push the directive's implementation back a year to January 2018.

In a private meeting, the members agreed to not block requests from policymakers and regulators to push back the directive's introduction from January 2017, according to the Financial Times. MiFID II is an overhaul of the first version of the directive designed to increase transparency in European markets by restricting certain types of products classified as 'non-complex', making bond prices clearer and police financial advisers more closely as well as change the way investors trade derivatives and how fund groups present Key Information Documents (KIDs).  MiFID II to signal induceme...