Investment firms, credit institutions: capital adequacy, securities field (amend. Directives 93/6/EEC, 93/22/EEC)

The first meeting of the Conciliation Committee was held on 10 February, but the two delegations were unable to reach an agreement. The dispute centres on the commitology arrangements. The Council has introduced a type-IIIb committee (regulatory committee), whereas at second reading Parliament had proposed a type-IIb committee (management committee). This issue is particularly important in the light of the forthcoming revision of the 1987 decision on commitology. Parliament's delegation will meet again in Strasbourg on 11 march 1998.