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The FCA has now issued the minutes from the MiFID II Roundtable held earlier this month on 5th February 2016.
Whilst MiFID II is meant to be implemented in 2017, the FCA recorded that for implementing measures, the timeline is ‘uncertain, with adoption of the delegated acts expected no earlier than March’.
The City watchdog also recorded that, based upon reported comments in the public domain, they expected the European Commission to propose putting back the date of application for the whole of MiFID II by a year, to January 2018.
It seems the industry will continue to wait with baited breath as to whether MiFID II will to be implemented in 2017 as planned or pushed back to 2018, either way firms should continue to prepare for the impact to their businesses.
If your firm is reviewing how MiFID II will impact your business and you require support or compliance assistance in planning for MiFID II implementation, please contact our experienced regulatory & compliance support team, who would be happy to help.
MiFID II Roundtable Update February 2016
Timetabled for implementation in 2017, Europe is discussing if this should be pushed back to 2018.
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 in 2017, please contact our experienced regulatory & compliance support team, who would be happy to help.
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** Update March 2016: Since the below was written, the European Commission has confirmed implementation of MiFID II is to be extended to 3rd January 2018. Click here to read about the MiFID II extension.**