The permanent representatives committee (Coreper) approved last week (May 18, 2016), on behalf of the European Council, an agreement with the European Parliament on a one-year delay to new securities market rules. The one-year postponement of the transposition and application dates will affect the provision of services for investments in financial instruments and the operation of regulated financial markets. Provisional agreement was reached with the European Parliament on May 2, 2016, and a re