The European Parliament’s MiFID II negotiating team has informed the European Commission on its stance on a potential delay of the entry into force of MiFID II. Markus Ferber, the European Parliament’s Rapporteur for MiFID II, stated:

“The European Parliament’s negotiation team has informed the European Commission that we are ready to accept a one-year delay of the entry into force of MiFID II. However, this only applies if the Commission finalises the implementing legislation swiftly and thereby takes into account the European Parliament’s priorities. Furthermore, the Commission and ESMA need to come up with a clear roadmap on the implementation work and especially for setting up the IT-systems.”

View Statement on MIFID II: potential delay of the entry into force, 27 November 2015