Mifid delay downgrades workload from unrealistic to challenging
But the task facing firms working to comply with the regulation is still daunting
The delay in the implementation of the Markets in Financial Instruments Directive (Mifid II) is transforming what some considered an unrealistic task into one that is simply challenging, says Robin Poynder, founder of FMR Advisory, which helps clients to prepare for regulatory change in financial markets.
On February 10, the European Commission proposed a one-year extension to Mifid II's application date to January 2018, to avoid legal uncertainty and potential market disruption. The proposal is
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