13/01/2021 (Agence Europe) – On Wednesday 13 January, the Court of Justice of the European Union ordered Slovenia to pay a lump sum of €750,000 for failing to transpose the MiFID II Directive (2014/65) within the deadline (see EUROPE 12066/9), even though the European Commission had requested a fine of more than €1 million (Case C-631/18). The European Union judges rejected the Slovenian authorities’ argument that holding parliamentary elections early had disrupted the legislative process. The MiFID II Directive and the delegated Directive (2017/593) were transposed and applied in Slovenia in December 2018, almost a year after they entered into force. The Court did not, however, impose a specific fixed fine for the delay in transposing the delegated directive (Case C-628/18). The judgment relating to the MiFID II Directive can be found at: http://bit.ly/35yxG07 (MB)