The European Commission has issued a press release in which Charlie McCreevy (Internal Market and Services Commissioner) urges Member States to make the implementation of the Markets in Financial Instruments Directive (MiFID) a priority. Member States have until 1 November 2007 to implement MiFID.
Commissioner McCreevy stated:
"I urge Member States to keep to the timetable that they themselves have agreed. Further delays could well expose Europe's firms and banks to serious competitive disadvantage."
View Commissioner McCreevy urges Member States to ensure rapid implementation of the Markets in Financial Instruments Directive, 24 April 2007