Lack of transposition to delay Mifid II enforcement

With less than a month to go until the second Markets in Financial Instruments Directive comes into force, many of the European Union’s member states have not fully transposed the directives into national law and some – including Spain and Poland – will not have done so until well into 2018. That could make enforcement of the directive incredibly problematic for national competent authorities, say lawyers.

Mifid II is a revamp of Mifid I, and brings with it a variety of new rules – including