The Netherlands Presidency of the EU Council has published its work programme for 1 January to 30 June 2016. Points of interest include the following: (i) the Presidency might be able to complete the two Regulations on securitisation referred to in the Commission's capital markets union (CMU) action plan; (ii) the financial transaction tax may be discussed again during the Netherlands Presidency if the leading group of Member States that have opted for closer co-operation in this area agree on a proposal for a directive; and (iii) the Presidency will work to achieve greater and active transparency in EU decision-making by putting it into practice within the existing frameworks, while recognising that improving regulation is an ongoing process that, as a result, requires continuous attention.