As Mifid II Debuts, Full Compliance Remains Elusive
Market participants say much remains to be done as Europe debuts new rules.
The revised Markets in Financial Instruments Directive and Regulation, known collectively as Mifid II, has gone live in Europe as of January 3, 2018, prompting significant changes to trading practices across the 28-member bloc.
However, despite a one-year delay to Mifid II that was initially prompted by concerns that technology could not be developed in time to comply with the original deadline, some firms are still unaware that they even have a compliance obligation, specialists say.
“We’re s
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