At a plenary session in Strasbourg on Tuesday 16 January, the European Parliament approved the revision of the MiFIR Regulation (518 votes in favour, 46 against and 34 abstentions) governing the powers of financial market supervisory authorities, and the MiFID II Directive (521 votes in favour, 19 against and 57 abstentions) laying down usage rules for financial instruments for investors (see EUROPE B13212A14).
With these new amendments, the European Union’s financial authorities will...