The European Parliament has updated its procedure file on the European Commission Delegated Directive supplementing the MiFID II Directive regarding the safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. The file states that the European Parliament has raised no objection to the Delegated Directive. The Delegated Directive will now be published in the Official Journal of the EU and will enter into force 20 days after its publication.

View European Parliament non-objection to Delegated Directive supplementing MiFID II Directive regarding safeguarding of financial instruments and funds, product governance obligations and inducements, 15 July 2016