The Permanent Representatives Committee has approved, on behalf of the Council of the EU, a compromise agreed with the European Parliament (EP) on MiFID II. The compromise was reached on 14 January 2014 between the Presidency of the Council and the EP and will enable adoption of the proposed legislation at first reading.
The final compromise texts of the draft Regulation and draft recast Directive have been published, as has a press release from the Council.
The draft legislation will now have to be approved by the EP, so as to allow final adoption by the Council once the texts have been finalised in all EU languages.
View Draft Recast Markets in Financial Instruments Directive – Final compromise text, 17 February 2014
View Draft Markets in Financial Instruments Regulation – Final compromise text, 17 February 2014
View Markets in financial instruments: Council confirms agreement with EP, 19 February 2014