EU states' progress in adopting MiFID financial rule

(Reuters) - Only Britain, Ireland and Romania have fully introduced the European Union's Markets in Financial Instruments Directive (MiFID) into national law despite a January 31 deadline for the bloc's 27 member states.

Laggards are expected to face legal action from the European Commission in coming weeks, an EU source told Reuters. The European Commission supplied the following data on MiFID implementation up to April 11:

Austria

Not yet transposed. Transposition set for August.

Belgium

Not yet transposed. Transposition set for April.

Bulgaria

Partly transposed. Full transposition set for August.

Cyprus