Speculation that the financial markets rules would be delayed has been rife
The European Commission has said a delay
to the implementation of the Mifid II rules by a year is needed
to give the market enough time to prepare for the far-reaching
The commission said the industry and
European Securities and Markets Authority "would not be in a
position to complete the process by 3 January 2017" due to the
size and complexity of the data collection challenge.
The European Commission suggested in a
paper seen by FOW a new implementation date of January 2018
"would appear appropriate so as to be reasonably satisfied that
there will be no need for a repetition of the delay - but
without extending the time frame excessively - and hence relax
the implementation speed."
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