Monday, March 14, 2016
Among the priorities in the European Commission’s (EC) list of its planned initiatives for 2016 is a new push to refine a package of reforms under its Markets in Financial Instruments Directive (MiFID II). After announcing just last month that MiFID II implementation would be delayed by year to January 3, 2018 due to the overwhelming complexities involved, the EC indicated that it would focus on a number of technical points in MiFID II that need to be specified further, including:
Refinement and clarification of each of these areas is vital to an effective implementation.
In addition to making MiFID II ready for its new 2018 implementation date, the EC’s priorities for 2016 also include publishing: