The Council of the EU has published an “I” item note from its General Secretariat to its Permanent Representatives Committee (COREPER) relating to the legislative proposals to amend certain application dates for MiFID II and MiFIR.
The proposals have been examined by the Working Party on Financial Services in three meetings during the Netherlands’ Presidency with a view to reaching an agreement on a negotiating mandate, which would allow the Presidency to start negotiations with the European Parliament.
The Presidency therefore suggests that the Permanent Representatives Committee:
- agrees on the negotiating mandate on the proposed legislative package, as set out in documents 7474/16 ADD 1 and 7474/16 ADD 2; and
- invites the Presidency to start negotiations with the European Parliament on the basis of the mandate with a view to reaching an agreement at first reading.