UK:
UK Regulator Publishes Timetable For Implementation Of Markets In Financial Instruments Directive And Regulation
31 March 2015
Shearman & Sterling LLP
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On March 10, 2015, the FCA published an updated timetable
relating to the implementation of the Markets in Financial
Instruments Directive II and Markets in Financial Instruments
Regulation. The timetable sets out the key dates for the
implementation and transposition of the Directive and Regulation
into domestic law. The deadline for transposing MiFID II into
domestic law is July 3, 2016. MiFID II and MiFIR enter into force
on January 3, 2017. The FCA aims to publish its main consultation
paper on the implementation of MIFID II and MIFIR in December 2015.
The final rules are to be published in June 2016.
The FCA's timetable is available on its dedicated webpage
at: http://www.fca.org.uk/firms/markets/international-markets/mifid-ii/mifid-review.
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