Date: 5th October 2016
Author: BETTER FINANCE
Type: In the news
Following last month’s delay of MiFID II, which was met with approval by the industry, the European Securities and Markets Authority (ESMA) urges European supervisors to set a new timetable for its ratification.
The law which is to include greater investor protection and transparency requirements was planned to be implemented in January 2017 but this was deemed to be logistically impossible. However, Mr. Maijoor, chairman of ESMA, underlines the need to have “one date and to stick to the new date”.
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