MiFID2: ECON Committee votes on amendments

The Vice-Chair of the EU Parliament Committee on Economic and Monetary Affairs (ECON), Markus Ferber MEP, has published a statement following the ECON Committee's vote on the EU Commission's proposal to delay the application of MiFID2/MiFIR by one year. The Committee also voted in favour of certain other amendments to the Level 1 MiFID2 text in relation to:

• a specific transparency regime for packaged transactions;
   
• a clarification for the own account exemption; and
   
• exempting securities financing transactions from MiFID2 transparency rules.

Mr. Ferber has stated that he intends negotiations with the EU Council on the amendments to MiFID2 to be finalised quickly to ensure certainty for stakeholders.