Esma delays review of Mifid II standards until September
The hiatus gives the fund industry less time ahead of January 2017 implementation
The European Securities and Markets Authority (Esma) has postponed its review of standards for Mifid II until September, reducing the amount of time the fund industry will have to assess proposals ahead of implementation.
The final regulatory technical standards (RTS) were due to be submitted to the European Commission (EC) this July, with final guidance to be submitted in December ahead of an implementation date of January 2017.
Esma and the EC have now agreed to conduct an early legal review
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