EC delays Mifid II until January 2018

The extension aims to avoid legal uncertainty and potential market disruption

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Jonathan Hill: "We will give people another year to prepare properly"

The new rules under the Markets in Financial Instruments Directive (Mifid II) may be delayed until January 2018, in a one-year extension to its original application date, announced the European Commission (EC) today (February 10), stating that it wanted to avoid legal uncertainty and potential market disruption.

The widely anticipated delay stems from the "complex technical infrastructure" needed to meet the requirements of the directive, with the European Securities and Markets Authority (Esma)

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