On 20 September 2012, the Presidency of the Council of the EU published:

  • A compromise proposal, dated 19 September 2012, on the proposed MiFID II Directive.
  • A compromise proposal, dated 19 September 2012, on the proposed Markets in Financial Instruments Regulation (MiFIR).
  • Together, MiFID II and MiFIR are known as MiFID II. The European Parliament has indicated that it intends to consider the MiFID II legislative proposals at its 22-23 October 2012 plenary session. The MiFID II legislative proposals will replace and recast the Markets in Financial Instruments Directive (2004/39/EC) (MiFID).