The Council and the Irish Presidency have announced a breakthrough in negotiations on the revised Markets in Financial Instruments Directive (MiFID 2) and Regulation (MiFIR). The Permanent Representatives Committee (COREPER) agreed the position on behalf of the Council, which was expected to approve the position on 21 June. The Presidency said it was delighted to have paved the way for the trilogue process with the European Parliament to begin. (Source: COREPER Agrees MiFID 2, Presidency Delighted at MiFID 2 Progress, MIFID 2 General Approach and MiFIR General Approach)