Nathaniel Lalone, Financial Services partner, was quoted in Futures and Options World regarding the European Commission's adoption of the second delegated act under MiFID II on April 25. The MiFID Delegated Regulation helps clarify some of the core definitions and requirements under the sweeping regulatory package. Nate stated, "The Delegated Regulation fleshes out a number of important compliance issues that should give meaningful direction to investment firms in updating their systems, controls and procedures prior to the January 2018 implementation date. . . . The timing is also important. By including these topics in an early delegated act, the Commission should hopefully give firms enough breathing room to complete their preparations in a timely manner." ("Europe Adopts Second MiFID Delegated Act," April 25, 2016)