Wednesday saw the publication of several more articles on the proposed delay to MiFID II. Firstly, this article by Bloomberg (reproduced on CTRM Center) looks at the possible impact of a delay to exemption loss on the commodities markets. This article on the Fidessa blog reminds us that the delay has yet to be agreed, and that any delay may not apply to the whole of MiFID II, while this article on the DRS web site provides a view that a delay is in fact likely.
The message is that while the rules may be delayed, they are are still coming. The general thought circulating is firstly not to assume a delay until it is agreed, and secondly that any extra time given should be used as best as possible by not losing momentum.