The Commission decided to refer three Member States to the European Court of Justice over non-implementation of the MiFID Directive. The deadline for transposition of those measures expired on 31 January 2007.
The provisions of MiFID have been applicable since 1 November 2007. The period of nine months between transposition into national legislation and application was intended to provide financial market participants with the required time to adapt to the new rules. The delays in transposition have shortened this period in a large majority of Member States.
Press release
© European Commission
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