A European Securities and Markets Authority spokesman has confirmed that MiFID II and MiFIR technical standards will now be published next week.
Yesterday, The TRADE reported that sources close to Brussels expected publication today, but this morning an ESMA official said it has now been delayed until “early next week”.
Industry professionals are keen to get their eyes on the finalised rules as soon as possible to begin preparing for the wide-ranging regulation, that is due to be fully implemented by January 2017.
MiFID has suffered from numerous delays, primarily during the political negotiations on its core principles. The first draft rules were published in December 2014 and have undergone some revisions since, with ESMA stating earlier this year that final rules would be published in Q3 2015. However, even at this stage it has been unable to give an exact date for publication.