Concern and disagreement remains over how to best implement specific rules
Lawyers, market participants and analysts
have voiced their concern over the current Mifid II timetable,
with uncertainty remaining over key issues such as
implementation of price transparency, just days after FCA
director David Lawton said that the January 2017 target remains
"challenging" for market players a regulators alike.
The European Securities and Markets
Authority (Esma) is set to implement Mifid II rules in January
2017, but the market has warned that this may not be long
enough to fully ensure that firms are fully prepared for the
'new world’ ahead of the deadline for the
regulation – which pulls in more firms and types of
trading under the regulatory microscope.
The deadline is recognised as ambitious
across the market but was again reinforced by the Financial
Conduct Authority’s director of markets policy and
international, David Lawton, earlier this week at the FCA MiFID
II conference in London.
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