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MiFiD II/ MIFIR Update

On the 22 June 2013, the Council of EU ministers under its ECOFIN guise issued a press release confirming inter alia the general approach on the MiFiD II / MIFIR proposals put forward by the Presidency on 19 June 2013. ECOFIN requested the Presidency to begin negotiations with the Parliament on the basis of the new draft rules, with a view to reaching agreement on the first reading.

The press release also alluded to ECOFIN’s ongoing consideration of the RRD, which is to resume on the 26th.

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