The incoming Markets in Financial Instruments Directive (MiFID) II rules are becoming a huge headache for financial firms and could be disruptive to banks and markets when they come into force next year. On January 3,2018, financial institutions operating in the EU are expected to be compliant. There is just one (rather big) problem with the deadline, however: nobody will be ready for it, not even the big global banks with all their resources or even the regulators who are expected to oversee compliance. Meanwhile, member states are supposed to implement it into their domestic legislation by July 2017, and that will be quite a challenge.
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