The Council of the European Union adopted, on Tuesday 20 December, its negotiating position on the proposal for a regulation revising the Markets in Financial Instruments Regulation (MiFIR) and the Markets in Financial Instruments Directive (MiFID) (see EUROPE B13088A14).
“The EU Council’s position is more market-oriented and ambitious than the original Commission proposal”, explained a European source contacted by EUROPE on Wednesday 21 December.
With regard to the centralised...