Database on German and European Economic Law

 Directive 2016/1034/EU

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 II 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 II shall therefore apply as of 3 January 2018.

II. General Information

Title

Directive (EU) 2016/1034 of the European Parliament and of the Council of 23 June 2016 amending Directive   2014/65/EU on markets in financial instruments

Abbreviations
Directive extending the application date of MiFID II
Status
Existing
Directive
2016/1034/EU
Source
O.J. EU No L (Legislation), Edition 175, Year 2016, p.8-11
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 Directive extending the application date of MiFID II:
Directive (EU) 2016/1034 of the European Parliament and of the Council of 23 June 2016 amending Directive   2014/65/EU on markets in financial instruments

  2016/1034/EU

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

2. Legislative History

Datum
Typ / Titel
Textfassungen
05/26/2016
Opinion of the European Economic and Social Committee
CESE (2016) 1921
02/10/2016
Proposal
COM (2016) 56 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2014/65/EU

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