EC to miss Mifir equivalence deadline

Draft timetable would leave some jurisdictions inaccessible to European Union firms from January 2018


Share-trading venues in some third countries will be inaccessible to European Union firms after a key regulation goes live in January 2018, has learnt, under plans by the European Commission to prioritise equivalence decisions for certain jurisdictions.

“If they are working on equivalence for certain jurisdictions, that might be the top three, it might be the top five, top 10 or more, but that leaves a significant number of jurisdictions which would not have third-country equivalence.