The Commission has published its proposal to extend every implementation date in the revised Markets in Financial Instruments Directive (MiFID 2) and Regulation (MiFIR) by one year, and to make clear that those parts of other legislation, particularly the Market Abuse Regulation (MAR) that refer to them should apply in relation to current MiFID provisions until MiFID 2 takes effect. The Commission says the extension should not impact on the timetable for adoption of Level 2 measures. (Source: Commission Formalises MiFID 2 Delay Proposal)