1 1 eu developments in the mifid review council of the eu european parliament 20112012201320142015...
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11
EU developments in the MiFID review
Council of the EU
European Parliament
2011 2012 2013 2014 2015
12 November 2012: Note on progress of
negotiations
13 December 2012: Council progress report on MiFID II
1 January 2013: Ireland takes the Presidency
15 April 2013: Latest compromise proposals from the Council
16 March 2012: Draft report from Committee on Economic and Monetary Affairs (ECON)
Expected implementation of MiFID II legislative proposals (at the
earliest)
8 October 2013: Scheduled plenary session to vote on legislative proposals
20 June 2012: First compromise proposals published
Q4 2013: Council expected to approve Parliament text (at the earliest)
27 September and 5 October 2012: ECON unanimously adopts reports on MiFID II and MiFIR respectively
25-26 October 2012: Parliament votes on amendments to draft legislation but then refers matter back to ECON for further consideration
1 July 2013: Lithuania takes the
Presidency
Q4 2013: Commission consults on
Level 2 measures (at the earliest)
Q4 2013: Commission consults on
Level 2 measures (at the
earliest)
DisclaimerNorton Rose is the business name for the international legal practice that comprises Norton Rose LLP, Norton Rose Australia, Norton Rose Canada LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc) and their respective affiliates (“Norton Rose entity/entities).The purpose of this presentation is to provide information as to developments in the law. It does not contain a full analysis of the law nor does it constitute an opinion of Norton Rose LLP on the points of law discussed. You must take specific legal advice on any particular matter which concerns you. If you require any advice or further information, please speak to your usual contact at Norton Rose.No individual who is a member, partner, shareholder, director, employee or consultant of, in or to any constituent part of Norton Rose entity (whether or not such individual is described as a “partner”) accepts or assumes responsibility, or has any liability, to any person in respect of this presentation. Any reference to a partner or director is to a member, employee or consultant with equivalent standing and qualifications of, as the case may be, Norton Rose LLP or Norton Rose Australia or Norton Rose Canada LLP or Norton Rose South Africa (incorporated as Deneys Reitz Inc) or of one of their respective affiliates.
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