Parties to the latest meeting of the European Parliament's Economic and Monetary Affairs Committee a...
Parties to the latest meeting of the European Parliament's Economic and Monetary Affairs Committee are reporting that the committee has yet again decided to postpone a vote on amendments to the Investment Services Directive.
A vote was supposed to have taken place last month, but was postponed until this latest meeting taking place on Tuesday 8th and Wednesday 9th July.
However, according to the Association of Private Client Investment Managers and Stockbrokers, the vote has foundered on the question of "trading transparency", forcing the committee members back to the corridors of Brussels for further horse-trading.
APCIMS says the latest setback does not seem to be about disagreements over proposed article 18 regarding suitability requirements - a long-running sore - but about article 25 on "trading transparency".
A vote is now not expected until September, although from the perspective of organisations such as APCIMS that may not be such a bad thing, the association says.
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