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EC signals staggered entry for Mifid II trading obligation

Rules for derivatives may take effect after January 2018 to allow for US equivalence deal

European Commission
European Commission: staggered approach

European regulators are offering increasingly strong signals that some of the rules in the second Markets in Financial Instruments Directive (Mifid II) – in particular the obligation for derivatives to trade on multilateral platforms – will be introduced gradually, rather than through a comprehensive "big bang" when the legislation enters into force on January 3, 2018.

"What is somewhat

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