The European Parliament adopted in second reading the amendments on the report on the Investment Services Directive in line with the compromise reached between the rapporteur Ms Villiers and the Council.
The compromise lays down that internalisers dealing above standard market size will not be subject to transparency obligations. On price improvement, the common position remains basically unchanged.
In the debate, Ms Villiers said the compromise was better than the common position but it did not go far enough in allowing for competition.
The European Commission welcomed the European Parliament's approval of the Directive. Commissioner Bolkestein urged the Council to move quickly to adopt the Directive. Negotiations between the Parliament, the Council have already prepared the ground for adoption by the EU's Council.
A review in Council will probably take place during the informal meeting on 1-2 April in Kildare.
Commission Press release
Adopted text provisional version
© European Parliament
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