11/04/2016 (Agence Europe) - MEPs approve postponing 'MiFID II' directive for a year. The Economic and Monetary Affairs Committee on Thursday supported by 38 votes to 2, with 6 abstentions a one-year delay from 3 January 2017 to January 2018 of the application of revised directive to overhaul the EU's existing regulation of financial markets (MiFIR) (see EUROPE 11487). This vote will help give Member States, supervisory authorities and market participants enough time to transpose and implement the new provisions, explained Markus Ferber (EPP, Germany), who also said that it is up to the Commission to finally deliver the implementing legislation. MEPs also adopted three targeted amendments to the legislative text. (MB)