EC said delay is to allow the market to meet “exceptional technical challenges”
The European Commission delayed on
Wednesday the deadline for the introduction of Mifid II by one
year to January 3, 2018, drawing a line under months of
speculation that the implementation of the vast European
directive would be put back.
The Commission said the delay "is to take
account of the exceptional technical implementation challenges
faced by regulators and market participants".
The delay means that national competent
authorities and market participants will have an additional
year to ensure compliance with the rules set out in the revised
Markets in Financial Instruments Directive (Mifid).
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