MiFID II “Financial Markets Recovery Package” (Covid-19)

Published 03.11.2020

State of play: Review of the Council WP ongoing, negotiating mandate Q4 2020

Level 1


  • 24 July 2020, the Commission proposed targeted amendments to the MiFID II requirements for European firms.


  • 21 October 2020, agreement on a common council position was reached.


  • 29 October 2020, the ECON Committee adopted changes on MiFID II which were voted during the plenary session of the 19th of November.

Next steps

  • Discussions are ongoing in Parliament with the vote scheduled for end October 2020, with a view to have a political agreement by the co-legislators by the end of the year.
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