Presidency updates on MLD4: The Presidency published a note on its recommendation that the latest compromise text for the fourth Money Laundering Directive (MLD4) be agreed despite reservations from a few Member States on certain issues. It later announced that the Permanent Representatives Committee in the Council had agreed a negotiating mandate and would be encouraging the incoming Italian Presidency to open negotiations with the European Parliament as soon as possible. It has also published a new compromise text on the accompanying revised Funds Transfer Regulation. (Source: MLD4 General Approach and Funds Transfer Regulation General Approach

Presidency tables new ELTIF compromise text: The Presidency has tabled, for negotiation among representatives of Member States, a new compromise text on the European Long Term Investment Funds (ELTIF) Regulation. This version deletes the requirement that an ELTIF must be admitted to trading as a condition for being marketable to retail investors, and loosens the restrictions on maximum investment allowed to smaller retail investors. (Source: Compromise Text)