Industry expecting Mifid II delay
September 24 deadline likely to be missed, banks and lobbyists fear
Market participants are expecting a fresh hold-up in the publication of final standards on Europe's new Markets in Financial Instruments Directive (Mifid II), taking another bite out of the time available for the industry to comply. Some banks are now calling for regulatory forbearance when the trading and transparency regime takes effect in January 2017.
The regulatory technical standards (RTS) that add details to the high-level Mifid II text have already been postponed from their original July
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