Market welcomes potential Mifid II delay

Author: Lizzie Meager | Published: 11 Nov 2015

The European Commission announced yesterday that it was considering delaying implementation of the Markets in Financial Instruments Directive (Mifid II) for another year. Counsel have said the move was both expected and welcomed.

The potential delay is to ensure smooth and effective implementation of the regulation, which was due to take full effect on January 3 2017. The European Securities and Markets Authority (Esma) had previously warned that the deadline for IT system implementation would be difficult to meet.

"The Commission’s recognition that Mifid II’s introduction needs to be delayed is not exactly surprising," said Jeremy Jennings-Mares,...