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

Following the delegation meeting on 18 november 1997, a trialogue session took place on the 5 december 1997 at Brussels at which the chairman of the Committee on Legal Affairs, Mr De Clercq, met the Chairman-in-Office of Coreper 2, Mr Kasel. Despite emerging avenues for compromise for all others points, discussions remain deadlocked on the main issue, i.e. the choice of commitology procedure. Parliament voted in favour of a management committee (type II B) when the Council unanimously was in favour of a regulatory committee (type III B). This question will be presented to a Conciliation Committee under the UK Presidency.