Regulation Update: No more MiFID II delays

Looking to the future – Steven Maijoor addresses FIA IDX conference, no more MiFID II delays
• The chair of ESMA has pledged there will be no further delay on the implementation of MiFID II.
• Speaking during the FIA IDX conference in London, ESMA’s Steven Maijoor eased concerns that the regulation would face further delay.
• “Contrary to some recent coverage and commentary, MiFID 2/MiFIR will come into effect on 3 January 2018, there will be no further delay in its implementation. One delay has been enough for all concerned,” said Maijoor.
• ESMA informed the European Commission in October 2015 “that a delay to the technical implementation of MiFID II was unavoidable.”
• ESMA is on track with all MIFID 2/MIFIR IT projects, in particular the Financial Instruments Reference Data System (comprising the collection of reference and trading data and the transparency calculations), and the double volume cap mechanism,” said Maijoor.

Leave a Reply

Your email address will not be published. Required fields are marked *
You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>