Database on German and European Economic Law

 Regulation (EU) No 2016/1033

I. Description

 MiFID II extends the number of financial instruments covered by trading rules and ensures that trading takes place on regulated platforms. It introduces rules on high frequency trading. It improves the transparency and oversight of financial markets. Both   MiFID and   MiFIR are scheduled to apply as of 3 January 2017. The challenges are of such magnitude that essential data infrastructures will not be in place in time for 3 January 2017.

The   MiFID shall therefore apply as of 3 January 2018. Changing the date of applicability of  MiFID II does have consequences for the applicability of other legislation, in particular Regulation (EU) 596/2014 ('  MAR') and Regulation (EU) 909/2014.

II. General Information

Title

Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on  market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories

Abbreviations
Regulation extending the application date of MiFIR
Status
Existing
Regulation
(EU) No 2016/1033
Source
O.J. EU No L (Legislation), Edition 175, Year 2016, p.1-7
Adoption
06/23/2016
Promulgation
06/30/2016
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text Regulation extending the application date of MiFIR:
Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on  market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories

  (EU) No 2016/1033

Beschluss:
06/23/2016 (A)
Verkuendung:
06/30/2016 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
06/21/2016
Opinion of the European Central Bank
O.J. C 223, p. 3–4
05/26/2016
Opinion of the European Economic and Social Committee
CESE (2016) 1921
02/10/2016
Proposal
COM (2016) 57 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EU) No 909/2014
Amendment
  Regulation (EU) No 596/2014
Amendment
  Regulation (EU) No 600/2014

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact