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The clock's ticking on MiFID's extra time

Fidessa : Anne Plested - 6th October 2016

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As we edge ever-closer to January 2018, the finer details of MiFID II are yet to fully surface, particularly with regard to RTS 22 and the rules around transaction reporting - undeniably one of the larger pieces of the new regulation. There is still much work to do when it comes to finalising the detailed requirements and the Level 2 RTS are still not published in the Official Journal. While the next round of consultations and Q&A is starting to emerge from ESMA, signalling progress, it does rather feel like that extra year for implementation is fast slipping away.