October 17, 2017 / 9:10 AM / 3 years ago

EU rules out delay to MiFID markets rules

PARIS (Reuters) - The European Union’s financial services chief ruled out a further delay to the bloc’s sweeping reform of securities rules that comes into force on January 3.

The “MiFID II” rules inject more transparency and reporting requirements into stock, bond and commodities markets and have already been delayed a year due to their complexity.

“The deadline for MiFID II was already extended once, so we do not plan further extension of the deadline,” European Commission Vice President Valdis Dombrovskis told a regulatory conference in Paris.

Reporting by Huw Jones; Editing by Keith Weir

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