On Monday 24 September, the members of the committee on economic and monetary affairs (ECON) of the European Parliament adopted, by very large majority, the two draft reports by MEP Markus Ferber (EPP, Germany) that make up the 'investment firms' legislative package (see EUROPE 11930).
The proposed directive on the prudential supervision of investment funds was adopted by 35 votes to 9 and the proposed regulation on the prudential requirements applicable to them 33 votes to 8.
As detailed in...