On 11 October 2019, the Council of the EU (Council) published an ‘A’ item note relating to the Permanent Representatives Committee’s (COREPER) approval of the European Parliament’s (Parliament) position on the proposed Regulation amending the EMIR supervisory regime for EU and third-country central counterparties (EMIR 2.2).

The note also invites the Council to approve the Parliament’s text as set out in PE-CONS 88/19 as an ‘A’ item at a forthcoming meeting, with Luxembourg abstaining and the United Kingdom voting against; and to decide the statements in the addendum in the minutes of the meeting.

If the Council approves the Parliament’s position then the legislative act will be adopted. It will then be published in the Official Journal of the EU and enter into force.