MiFID implementing measures close to adoption

26 June 2006

The European Securities Committee's approved of a series of technical measures implementing the MiFID Directive. The Commission is likely to give its final approval in September 2006. The level 2 measures develop a number of the provisions set out in the framework Directive. The European Parliament has a one-month period to check that the limits set in the level 1 Directive have been respected, before the measures are finally adopted by the Commission, probably in September 2006. Member States will subsequently have until 31 January 2007 to implement the legislation, with firms being required to comply with the entire package of measures on 1 November 2007.

Press release

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