The Presidency has published a note sent to the Permanent Representatives Committee in April on the current state of play on the proposals for a Markets in Financial Instruments Regulation (MiFIR) and second Markets in Financial Instruments Directive (MiFID 2). It notes the lack of qualified majority support because of inability of Member States to agree on the issue of access to trading venues and central counterparties (CCPs). The Presidency called on the Committee to agree to its proposed compromise solution, which is based on non-discriminatory access to CCPs, trading venues and licence benchmarks while providing necessary safeguards. It notes several Member States would prefer to delete the key articles altogether. It said if the Committee cannot agree the compromise it should at least agree a statement allowing the Presidency to start negotiations with the EP. (Source: Presidency Updates on MiFID 2)