Progress on financial services legislative files

The Economic and Financial Affairs Council (ECOFIN) has published an updated version of its document containing „information from the Presidency concerning the state of play of legislative proposals in the field of financial services“. The overview table is dated 9 November 2023 and distinguishes different colour-coded stages of each file.
The changes from the previous version are as follows:
1. The „Council’s review„ on the new draft proposing revisions to the Benchmark Regulation (BMR), comprising new provisions to simplify the BMR and reduce burdens for all stakeholders, particularly benchmark administrators, users, and supervisors, „is ongoing„; and
2. The „review„ in the Council is „to start„ with regard to the proposal for a regulation to reduce reporting burdens on EU financial services firms.