The European Parliament have today confirmed that the implementation of MiFID II will be delayed by  one year to 3rd January 2018, following agreement from other bodies. The delay is reported here on the Bloomberg web site and here on the ICIS web site. The parliament has also agreed to delay the transposition deadline, the date by which member states must implement MiFID II into law, by one year to mid 2017.

Markus Ferber MEP issued this statement on his web site, generally welcoming the delay. The energy and commodity market now awaits further clarification with the publication of the Delegated Acts, and the latest Regulatory Technical Standards 20 and 21, which will be revised by ESMA.