On March 31, 28 delegated regulations (Delegated Regulations) supplementing the revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) were published in the Official Journal of the European Union (OJ).

The Delegated Regulations will become effective 20 days after their publication in the OJ (that is, April 20), and the majority will apply from January 3, 2018.

The text of Commission Delegated Directive (EU) 2017/593, which supplements MiFID II, with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits has also been published in the OJ. Member states are required to adopt and publish, by July 3, at the latest, their national laws, regulations and administrative provisions necessary to comply with this Directive, and apply those provisions from January 3, 2018.

A full list of the Delegated Regulations published in the OJ and Directive can be found here and here.