ESMA: No more MiFID II delays

Six weeks to respond to derivatives proposals

The chair of pan-European regulator ESMA Steven Maijoor has confirmed there will be no further delays to MiFID II, which will come into force as planned in January 2018.

Speaking to the Futures Industry Association's IDX Conference in London, Maijoor said that "contrary to some recent coverage and commentary", implementation would go ahead as scheduled. In February 2016, the European Commission confirmed that MiFID II, initially scheduled to come into force in January 2017, would be delayed a year in order to "take account of the exceptional technical implementation challenges faced by regulators and market participants". The delay was welcomed across financial markets, with market participants of all sizes struggling to ensure operations were complia...