The implementation of Mifid II was delayed to January 2018 last month
The European Commission has asked the
European Securities and Markets Authority (Esma) to rewrite
three of the 28 regulatory technical standards under the
sweeping European regulatory directive, Mifid II.
European Commission spokesperson Vanessa
Mock told FOW Thursday, "Given that parts of the new framework
implies a rather substantial change compared to the current
regime, we have asked ESMA to do some fine-tuning in three
specific areas in order to have a more cautious approach in the
early phases of the MiFID II-roll out."
The news comes 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 directive would be put back.
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