Press Release: Commissioner McCreevy urges Member States to ensure rapid implementation of Markets in Financial Instruments Directive (“MiFID”)

Internal Market and Services Commissioner Charlie McCreevy has urged those Member States that have not yet implemented the Markets in Financial Instruments Directive ("MiFID") in national law to put this issue at the top of their political agenda. In letters to the Ministers of Finance concerned, the Commissioner expresses deep concern about delays in implementation in national law, for which the deadline elapsed on 31 January 2007. To date only the United Kingdom, Ireland and Romania have notified the Commission of full implementation of MiFID in their national laws.