The Financial Times has reported that deputies discussed their stance yesterday and are aiming to issue a statement formally to the European Commission later this week.
A consensus emerged during the debate that it would not be practical to split and delay the various parts of the legislation.
Earlier this month International Adviser reported how the industry was frustrated by the lack of clarity over MiFID II’s detailed requirements and that it would welcome a year-long deferral.
The European Securities and Markets Authority is among the organisations to have requested the pushing back of the implementation of the directive by 12 months.
