European Union’s financial market rules is slated to be delayed for one year as legislators eased their opposition to halting the implementation of revamping the region’s trading.
In a private meeting, parliament members supervising the MiFID II agreed not to block requests from policymakers and regulators to postpone the introduction of the rules from January 2017.
Two people privy to the talks said a consensus has surfaced it won’t be practical to split and defer only certain parts of the legislation.
The rules will unveil substantial changes overhauling derivatives trading, make bond pricing more precise, and oversee financial advisers more closely.
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