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 comforting in the derivatives world, as opposed to the trading obligation for shares, is that there is an

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