Presidency issues UCITS V compromise: The Council has published a note from the Presidency to the Permanent Representatives Committee (COREPER) attaching a revised compromise proposal for the UCITS V Directive. It notes the general support of Member States    in favour of    the proposal, although there are still some concerns over sanctions, depositary liability and eligibility of entities to perform depositary functions. COREPER approved the proposal and the aim is now for the European Parliament to adopt the Directive at first reading. (Source: Presidency Issues UCITS V Compromise)

Presidency issues new SRM compromise and calls for general approach: The Presidency has tabled a new compromise text on the SRM Regulation that includes new provisions on the drawing up of resolution plans by national authorities and the calculation of ex-ante contributions to the Single Resolution Fund (SRF), which should be adjusted according to banks' systemic importance. The Presidency has also asked to wait until the trilogue negotiations stage to continue the controversial discussion about the characteristics of the SRF. (Source: SRM Regulation Compromise Text and Call for General Approach and Start of the Trilogue Negotiations)