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MiFID II delay legislation process continues – with new proposal

Following the legislative proposal from the European Commission last week, highlighting the one year delay in the implementation of MiFID II, the European Parliament and Council has now also drafted their proposals, which can be found here and here.

One of the documents also proposes a delay to the deadline for the transposition of MiFID II into national law, which is currently set for July 2016 but which is proposed to be delayed until July 2017. This is to permit more time for the Delegated Acts to be finalised, the lack of which make transposition  difficult.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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