MiFID II and MiFIR one-year delay published in EU Official Journal
The Directive[1] and Regulation[2] providing for a one-year delay for the date of applicability of MiFID II and MiFIR were published in the Official Journal of the EU on 30 June 2016. Published in the Official Journal of the EU on 15 May 2015, entered into force on 4 June of the same year,
Long-awaited MiFID II Delegated Acts published
This MiFID II Delegated Directive brings clarity on some contentious investor protection issues, and confirms some key changes that firms need to accomplish in several important areas. The progress of the Markets in Financial Instruments Directive II (MiFID II) has been slow, stuttering and at times unpredictable, and the complexity and scale of the regulation
MiFID II entry into force delayed for one year!
On 10 February 2016, the Commission has proposed a one-year extension for the entry into force of the revised Markets in Financial Instruments Directive, i.e. MiFID II. Given the previous statements by ESMA Chairman, Steven Maijoor and MiFID II Rapporteur, Markus Ferber, the proposed extension does not come as a surprise. The reason for the
European Parliament accepts possible delay MiFID II
In an official statement that was published by the European Parliament on Friday 27 November 2015, MiFID II Rapporteur Markus Ferber tentatively accepted a one-year delay of the implementation deadline. The statement says: “The European Parliament’s negotiation team has informed the European Commission that we are ready to accept a one-year delay of the entry
MiFID II implementation potential delay
In a speech to the EU Parliament, Steven Maijoor, Chairman of the ESMA, flagged that the current MiFID II timetable is “extremely tight” and delaying certain parts of it might be needed. In a separate statement, a spokesman of the European Commission stated “the most legally sound approach would be to delay the whole package
ESMA readies MiFID II, MAR, and CSDR
ESMA published its final draft technical standards on some of the most important pieces of post-crisis financial regulation: MiFID II, MAR and CSDR. On 28 September 2015, the European Securities and Markets Authority (ESMA) published its final draft version of the Technical Standards (TS) on Markets in Financial Instruments Directive (MiFID II), Market Abuse Regulation
