The Markets in Financial Instruments Bill has been referred to Committee Stage in the Seanad. Proposed amendments include provision for indictable offences for contraventions under the MiFID II Regulations, brining greater maximum penalties. Other changes include a widening of credit institutions' credit reporting obligations under the Credit Reporting Act 2013 through an expanded definition of 'credit', as well as a broadened definition of 'long-term financial service' under the Financial Services and Pensions Ombudsman Act 2017.