21/02/2024 (Agence Europe) – On Tuesday 20 February, the Council of the European Union adopted the revision of the ‘MIFIR’ regulation governing the powers of financial market supervisory authorities and the ‘MiFID II’ directive laying down rules on the use of financial instruments by investors (see EUROPE 13212/14). The amendments were adopted by the European Parliament at its plenary session in Strasbourg on Tuesday 16 January (see EUROPE 13329/15). The new rules should strengthen the position of investors, in particular by making consolidated market data more accessible in the European Union. Twenty days after publication in the Official Journal of the EU, “Member States will have 18 months to bring into force the laws, regulations and administrative provisions necessary to comply with the Directive”, said the EU Council in a press release on Tuesday. The regulation will apply immediately. (BD)