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11/02/2016

The European Commission extends by one year the MiFID II application date

The European Commission extends by one year the entry into application of the revised Markets in Financial Instruments Directive, or MiFID II. The new deadline is 3 January 2018.

This decision is due to the complex technical infrastructure that needs to be set up for the MiFID II package to work effectively. The European Parliament and Council will now need to approve this extension, which will not have an impact on the timeline for adoption of the 'level II' implementing measures under MiFID II/MiFIR for which certain issues might still be challenged …

For more information, go to the European Commission Press Release Data Base