The Council of the EU has published a note from the Council’s General Secretariat to the Permanent Committee of Representatives on the state of play on discussions in the Council on the proposed Mortgage Credit Directive (MCD). The note explains that, on 10 December 2013, the European Parliament adopted (at first reading) the text of the proposed MCD which is set out in an Annex to the note. The note also explains that the Parliament’s position reflects what had been previously agreed between the Parliament, the Council and the European Commission. As a result, the note states that the Council should be in a position to approve the Parliament’s position.

View Proposal for a Directive of the European Parliament and of the Council on credit agreements relating to residential property – outcome of the European Parliament’s first reading, 11 December 2013