Telephone 020 3813 2890 for a free no obligation chat about your regulatory requirements with one of our compliance consultants.

© Compound Growth Limited 2012 - 2018 | Terms of Use

Registered in England and Wales as limited company number 07626537 - Registered Office 120 Pall Mall, London, SW1Y 5EA

We use cookies, if you consent to this use, please continue to browse our site.

Here to help with Regulation and Compliance

Compound Growth

Confirmed by the EC - MiFID II delayed until 2018

3rd March 2016

The European Commission (EC) have now officially proposed an extended application of MiFID II by one year to 3 January 2018.

Application of the revised Markets in Financial Instruments Directive, known as MiFID II, has had a one year extension proposed by the EC, providing a new deadline for implementation across Europe of 3rd January 2018.

Reason for proposing an extension?

By why the 12 month extension? MiFID II poses exceptional technical implementation challenges for both regulators and market participants. For MiFID II to work effectively, a complex technical infrastructure needs to be set up as ESMA (the European Securities and Markets Authority) has to collect data from about 300 trading venues on about 15 million financial instruments.

The EC has however now been informed by ESMA that neither competent authorities, nor market participants, would be able to have the necessary infrastructure and systems in place and ready for the original deadline for implementation on 3 January 2017.

Thus, in order to avoid legal uncertainty and potential market disruption and given these exceptional circumstances, an extension was considered necessary.

MiFID II Delayed until 2018

Other MiFID II articles:

Update 02/2016:

MiFID II Extension Confirmed

MiFID II will now be implemented in Europe in 2018 not 2017 following an extension by the European Commission.





MiFID II Compliance Support

If your firm is currently reviewing how MiFID II will impact your business and require support or assistance in planning for MiFID II implementation, please contact our experienced regulatory & compliance support team, who would be happy to help.

Send Email

Call by Telephone:

(020) 3813 2890