Implementation of Mifid II has been delayed by one year to January 2018
A trade body that represents European prop
and high-frequency traders has warned that the lack of
proportionality in the sweeping European regulatory directive
Mifid II remains the biggest risk for proprietary trading
"The main concern is the overall lack of
proportionality. Implementation of MiFID will be time consuming
but we will manage this through working groups for our
members," said Mark Spanbroek, acting chairman of the European
Principal Traders Association (Epta), part of futures trade
The comments come after the European
Commission in February delayed 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 rules would be put
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