Brussels, 14/12/2010 (Agence Europe) - On Tuesday 14 December, the European Parliament passed a resolution setting out the EP's priorities for the future changes to the EU directive covering negotiating systems and practices in the financial services industry (known as the MiFID Directive). The Commission is expected to unveil draft changes to the directive next spring which the EP and Commission will decide upon together (as co-legislators). Passed by a show of hands, the resolution drafted by Kay Swinburne (ECR, UK) stipulates that the two organised markets (standard and non-standard) should be monitored in a transparent manner and all users should have access to similar information about price formation. The reduced transaction costs have resulted in the creation of anonymous exchange platforms as a result of segmentation and proliferation in the places where negotiations take place and the use of exemptions to the directive, explains the resolution, urging the Commission to prioritise restricting the accumulation of risk when it revises the MiFID Directive. The focus is also on derivatives instruments, with the resolution calling on the Commission and the European Financial Market Authority to consider introducing transparency requirements for derivatives and to update the standardisation of over-the-counter derivatives. (O.L./transl.fl)