Europe has been at the forefront regarding crypto assets regulation with its recently voted Markets in Crypto Assets (MiCA) regulation, which is expected to be finalised in the first quarter of 2023.
Last week, February 10, the European Commission announced a proposal to delay the MiFID market reforms for one year, setting the new deadline for January 2018. The European Commission is Europe’s top regulator and the executive arm of the European Union.
The Market Abuse Directive II (MAD II) goes into effect this year. The new regulation will require firms to enhance employee supervision and take closer look at their organizational compliance practices. For those unfamiliar, MyComplianceOffice has compiled five fast facts to serve as an introduction.