The European Commission in February called for a delay to January 2018
The European Council has said Wednesday
that it has agreed with the European Parliament that the
implementation of sweeping regulatory directive Mifid II will
be delayed by one-year.
The Council’s Permanent
Representatives Committee has approved the delay, which means
that Mifid II will be implemented on January 2018, and the
deadline for the member states to transpose Mifid II into
national legislation set for July 3 2017.
The news comes after the European Parliament approved in April the
delay of one year to the implementation of Mifid II,
following the European Commission’s call in
February for the introduction to be postponed due to the
technical build-out required to meet the rules.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.