FinMin: MiFID II to come into force in late March, early April

The Finance Ministry expects MiFiD II regulations to come into force in late March or early earlier. Meaning that planned date at the beginning of next year is off the table as the parliament did not pass the proper laws yet. “We expect the bill to be passed to the Council of Ministers in the second half of December and to be adopted by the parliament in February 2018. As a result, one can expect that the bill will enter into effect by the end of March or at the beginning of April next year,” the ministry said in a statement sent to the Polish Press Agency PAP. MiFID is the updated EU-wide regulation that increases the transparency across the European Union's financial markets and standardizes the regulatory disclosures required for particular markets. The MiFID implemented new measures, such as pre- and post-trade transparency requirements, and set out the conduct standards for financial firms.