MISP Moves Into Political Negotiation: What More Than 1,900 Amendments Mean For The EU's Future Market Architecture

More than 1,900 amendments have been tabled on the EU’s Market Integration and Supervision Package (MISP), turning what began as a Commission legislative proposal into a fight over the architecture of European market supervision. The key issue for firms is no longer what MISP proposes, but which competing model becomes the “landing zone” for licences, transactions and business operations. The article says the Commission’s December 2025 proposal is no longer an adequate planning baseline, June rapporteur drafts aren’t final Parliament positions, and Council work is diverging. ECON has submitted 1,918 amendments across the Master Regulation, Master Directive and Settlement Finality Regulation.