On Monday 7 January, the Member States' ambassadors to the EU (Coreper) reached political agreement in principle on the Directive and Regulation forming the legislative package on investment firms (see EUROPE 11930).
Presented at the end of 2017, the package introduces a three-category classification of investment firms according to their size, nature and complexity, allowing them to be subject to proportional prudential and supervisory requirements.
Among the amendments made by the...