On Friday 26 January, 11 European countries wrote to the European Commission to complain about the method it has chosen in the decision on equivalence for Swiss stock markets – a decision taken in comitology on 20 December (see EUROPE 11931).
After deciding on equivalence unlimited in time (a decision approved a first time in November by the member states), the Commission, in a dramatic turn of events, decided just after the Council of 14-15 December, to limit this equivalence to a...