The Permanent Representatives Committee (COREPER) has approved, on behalf of the EU Council, the final compromise text of the proposed Benchmark Regulation. The final compromise text reflects the agreement reached between the Council and the European Parliament in trialogue on 24 November 2015, which the Council had subsequently invited COREPER to approve. The Benchmark Regulation will now be submitted to the European Parliament for a vote at first reading and to the Council for final adoption.