U.K. Treasury Proposes Mifid Delay


LONDON—The U.K. Treasury has proposed a six-month delay for the implementation deadline of the Markets in Financial Instruments Directive (Mifid), to November 2007.

The request, which came in a paper addressed to the Working Party on Financial Services at the European Commission (E.C.) in Brussels, was put forward for discussion this past Monday, Oct. 17, officials say.

While the proposed Mifid regulations from the European Union (E.U.) are currently due to be written into legislation by October

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