21/10/2020 (Agence Europe) – As announced, Member States’ ambassadors to the European Union (Coreper) approved without discussion on Wednesday 21 October the negotiating mandate of the EU Council with the European Parliament on the proposals for targeted amendments to EU financial regulations, presented by the Commission in July to foster post-Covid-19 economic recovery (see EUROPE 12535/11). As a reminder, the package includes a modification of: - the Markets in Financial Instruments Directive (MiFID II); - the Prospectus Regulation; - the Securitisation Regulation; - the Capital Requirements Regulations (CRR). The EU Council’s position broadly maintains the main Commission proposals, but adds two amendments (see EUROPE 12584/12), in particular the postponement by one year of the obligation for certain European companies to publish their annual financial report in the European Single Electronic Format (ESEF). The German EU Council Presidency hopes to be able to start negotiations with Parliament as early as November. See the EU Council’s position: https://bit.ly/3m60WRV (MF)