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 16 June 2023 and distinguishes different colour-coded stages of each file.
The changes are as follows:
1. Due to the provisional agreement reached with the EP on 23 May 2023, the trilogues on the Framework of a European Single Access Point (ESAP) are in finalisation;
2. The interinstitutional negotiations were started regarding
a) the proposal of a Instant Payment Regulation; and
b) the “Listing Act Package“ concerning the proposal for a Regulation amending the Prospectus Regulation, Market Abuse Regulation, and the Markets in Financial Instruments Regulation and the proposal for a Directive amending the Markets in Financial Instruments Directive and repealing the Listing Directive;
3. The Council’s review is about to start concerning:
a) the new “Retail investment package“ comprising the proposal for a Regulation amending the PRIIPs Regulation and the proposal for an Omnibus Directive as regards the Union retail investor protection rules; and
b) the Regulation on environmental, social and governance ratings.