The Economic and Monetary Affairs Committee (ECON) in the EP has adopted a resolution that says the proposed Financial Transaction Tax (FTT) should be designed so more traders fall within it. ECON also thinks the tax should be adopted even if only some Member States opt for it. ECON would keep the European Commission’s proposal that the tax be payable if shares are traded by one institution within the FTT zone even if the shares were issued outside it, and adds a recommendation that institutions outside the zone should pay the tax if the securities they trade were issued inside the zone. ECON agreed the tax should be waived for pension funds. (Source: ECON Votes on FTT)