State of play: Review of the Council WP ongoing, negotiating mandate Q4 2020
Level 1
Commission
- 24 July 2020, the Commission proposed targeted amendments to the MiFID II requirements for European firms.
Council
- 21 October 2020, agreement on a common council position was reached.
- 16 December 2020, Coreper endorsed provisional agreement with the European Parliament.
- 15 February 2021, the Council adopted amendments on MiFIDII and Prospectus Regulation under the Capital Market Recovery Package.
Parliament
- 29 October 2020, the ECON Committee adopted changes on MiFID II which were voted during the plenary session of the 19th of November.
- 14 January 2021, the ECON committee has approved the Capital Markets recovery texts in which MiFID was adopted as agreed in trilogue agreement in December.
- 11 February 2021, the European Parliament adopted the Capital Capital Market Recovery Package.
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.
