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Mifid

MiFID II delay confirmed

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.

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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