MiFID & MiFIR / Date

Key points

The EESC:

• accepts the Commission's proposals;

• calls, however, for every effort to be made to avoid postponing the implementation of MiFID II any further and to ensure that the investor protection rules are not compromised in practice during the postponement period; maintains that, until the new rules are implemented, the current rules under MiFID I must, where necessary, also continue to apply in full;

• takes the view that the objectives and implementation of the new texts must not be jeopardised in any way by the proposed postponement.

Other EESC relevant opinions:

• OTC derivatives, central counterparties and trade repositories (INT/537 - CESE 16172010)
• Markets in financial instruments (INT/603 - CESE 470-2012)
• Markets in financial instruments - Directive (INT/622 - CESE 1038-2012)
• Coordination of laws, regulations and administrative provisions (UCITS) (INT/635 - CESE 1296-2012)
• Central securities depositories (CSDs) (INT/641 - CESE 1572-2012)
• Reporting and transparency of securities financing transactions (INT/738 - CESE 1466-2014)
• VAT/ Minimum standard rate - extension (ECO/402 - CESE 717-2016)