The implementation of MiFID II has been formally delayed until 3 January 2018 by the European Commission.
It was previously mooted by stakeholders and regulators last year that the new rulings should be held back in order to allow firms more time to comprehend technology challenges and comply with the regulations. This was supported by the Financial Conduct Authority but needed to be formally confirmed by the European Parliament. It was felt that the previous deadline of January 2017 was "unfeasible" and "not ideal" for firms to meet given the volume of regulation. Smaller firms falling back on MiFID prep, says FCA The European Commission said the deadline had been moved in order to...
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