Press Release: Markets in financial instruments: One-year delay enacted

On 17 June 2016, the Council of the European Union adopted a regulation and a directive enacting a one-year delay to new securities market rules.

The one-year postponement of transposition and application deadlines became necessary because essential data infrastructures would not be in place on time. It affected the provision of services for investments in financial instruments and the operation of regulated financial markets.

The postponement was agreed with the European Parliament on 2 May 2016.

• Primary Source

ESO: Background information: Economic and Financial Affairs Council, 17 June 2016 http://www.europeansources.info/record/economic-and-financial-affairs-council-17-june-2016/

ESO: Background information: Markets in financial instruments: Council confirms agreement on one-year delay http://www.europeansources.info/record/press-release-markets-in-financial-instruments-council-confirms-agreement-on-one-year-delay/

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