Food speculation regulation timeline

This timeline takes you through the legislative process for the review of the MiFID (the Markets in Financial Instruments Directive), which contains proposals for tackling food speculation in the European Union. Key: European Commission in blue. European Parliament in green. Council of Ministers in Red. Trialogues in light blue

2011-10-20 16:00:35

Commission publishes initial draft proposals

2011-12-05 16:00:35

ECON committee have an initial hearing on MiFID.

The Economic and Monetary Affairs (ECON) committee of MEPs have an initial hearing on MiFID thus includes a speech from one of our European allies.

2012-01-01 18:12:57

Civil servants hold regular meetings

Civil servants from finance ministries across the EU meet to discuss their views on the MiFID text.

2012-01-13 16:00:35

Deadline for consultation questionnaire.

WDM submits a detailed response.

2012-02-02 18:12:57

WDM presents Markus Ferber with a petition

The petition was handed to Markus Ferber, who is the lead MEP on MiFID. Collected alongside allies it called for strong regulation and was signed by over 8,000 individuals across Europe.

2012-03-16 18:12:57

Ferber publishes his draft report

This included strong wording requiring countries to use limits on speculation, known as ‘position limits.

2012-05-10 18:12:57

MEPs table amendments to MiFID

These amendments call for further improvements to the proposals.

2012-05-15 00:23:29

Compromise text includes mandatory position limits

This is a step forward as the original text allowed countries to use position limits, but didn’t require them to.

2012-06-18 18:12:57

ECON committee publish compromise amendments

The Economic and Monetary Affairs (ECON) committee of MEPs publish compromise amendments. While some amendments proposed to strengthen the text, many showed considerable backtracking.

2012-09-04 18:12:57

New ECON committee compromise published

Mandatory position limits return to the text.

Food speculation regulation timeline

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