The Permanent Representatives Committee (COREPER) of the Council has approved a one-year delay to the transposition and application dates of the revised Markets in Financial Instruments Directive (MiFID 2) and Regulation (MiFIR). The deadline for the Member States to transpose MiFID 2 into national legislation will be 3 July 2017, whilst the date of application of both MiFID 2 and MiFIR will be 3 January 2018. The delay also affects relevant parts of the Market Abuse Regulation (EU MAR) and the Central Securities Depositories Regulation (CSDR). (Source: COREPER confirms MiFID 2 delay)