The Council of the EU has published minutes of the meeting held in its configuration as the Economic and Financial Affairs Council. In the minutes, the Council confirms that it has decided not to object to the following proposed delegated legislation supplementing the MiFID II Directive:

• Regulation supplementing Directive 2014/65/EU on markets in financial instruments as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive; and

• Directive supplementing Directive 2014/65/EU on markets in financial instruments with regard to the safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits.

The Delegated Directive and the Delegated Regulation are pursuant to article 290 of the Treaty on the Functioning of the European Union and can enter into force unless the European Parliament objects.

View Council of EU non-objection to MiFID II Delegated Directive and Delegated Regulation, 17 June 2016