Delays have allowed for a more realistic implementation timetable
By Georg Groß, head of
regulatory services, Deutsche Börse Market Data +
announcement in February 2016 that Mifid II execution would be
delayed by one year was welcomed by market participants, as
firms struggle to overcome the challenges of the exceptional
technical implementation required to comply. Once the date has
been officially approved by all parties, investment firms
trading instruments under the scope of Mifid II have until 3
January 2018 to make the necessary changes and for most, there
is still much to be done.
(together with the Markets in Financial Instruments Regulation
– Mifir) will trigger a complete overhaul of the
existing financial markets infrastructure. In a multi-layer
approach, the new regulation will widen the scope of existing
directives and regulations and provide greater power to
regulatory bodies to enforce the new changes.
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