The Council of the EU has published a press release announcing that its Committee of Permanent Representatives (COREPER) has agreed its position on the proposed Investment Firms Regulation (IFR) and Investment Firms Directive (IFD).  The Council has also published its compromise proposals on the IFR and the IFD. The IFR and the IFD set out a new, proportionate, prudential regulatory framework for investment firms.

The Council and the European Parliament will now begin trialogue negotiations on the proposals.