Suitability safe in EU Parliament vote

The vote means the directive should become law before the end of the current parliamentary term in June, depending on acceptance of the amendments by the European Commission and Council of Ministers. Tussles between the EMPs, the EC and the Council over issues, including suitability requirements, had forced the directive to the crucial vote. If the amendments, and thereby the overall directive, had been rejected, it could have severely hindered the EU’s ability to meet its self-imposed 2005 deadline for implementing all rule changes required under its financial services action plan to...