The European Parliament (EP) has published a report (dated 27 February), adopted by its Economic and Monetary Affairs Committee (ECON), on the European Commission's (EC) legislative proposal for a Directive amending the Markets in Financial Instruments Directive II (MiFID II) and the Critical Entities Resilience Directive. The proposed Directive forms part of the EC's broader Omnibus IV Simplification Package, which aims to simplify rules and reduce administrative burdens across the single market. The legislative proposal aims to simplify various administrative requirements for a new category of "small mid-cap enterprises" in line with the mitigating measures already available for small and medium-sized enterprises. ECON voted to adopt the report on 26 February.
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