Commission called on Tuesday for a delay to Mifid II introduction of one year
The European Commission has called on the
European Union to delay the implementation of the next round of
the Markets in Financial Instruments Directive by one year from
its due date of January 2017.
A director of the Commission financial
services unit told a delegation in Brussels on Tuesday a delay
was required for technical reasons and suggested the
implementation should be deferred for one year.
The comments were echoed by Steven
Maijoor, the chair of the European Securities and Markets
Authority, who gave a speech on Tuesday outlining reasons why a
postponement was appropriate without calling for a delay in so
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