With less than three months to go until the start of MiFID II, on 3rd January 2018, there are many stories of struggles to be ready. Never the less, yesterday EU commissioner Valdis Dombrovkis confirmed at the ESMA conference that there will be no further delays to the start date, as reported here on the City AM web site.

While the rules will start as scheduled, many countries have not yet transposed MiFID II into local law, which was targeted for 3rd July 2017. This article on the Bloomberg web site goes into further detail on which countries have yet to transpose and what is expected. It also discusses how NCAs intend to enforce compliance. The theme that emerges is one where all must do their utmost to be ready, but where, if genuine maximum effort is shown, there may be sympathy from regulators.