ETAS Panel: Don't Assume Delays on MiFID 2
Users should still plan to be compliant by the originally scheduled dates, panelists warned.
Tim Rowe, manager of trading venues policy at UK regulator the Financial Conduct Authority, urged delegates to continue working towards the original Jan. 3 implementation date. While acknowledging that much uncertainty remains, he noted that the legislation says that the vast amount of implementation will take place on Jan. 3.
However, the time taken to implement the vast IT builds required to meet the regulatory requirements has dominated recent discussions. Meredith Gibson, head of legal risk
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