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On 17 December, 2015 the LIBE Committee (European Parliament) voted and approved the draft Regulation as issued after the interinstitutional negotiations (the so called Trilogue Meetings).
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On Friday Dec 18, 2015 the Coreper II Committee (Council of the European Union) confirmed the compromise texts.
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Next steps:
1) The compromise texts should be approved as “Council’s first reading position”.
2) “Council’s first reading position” should be accepted without amendments in Parliament’s second reading.
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So final adoption will take a few more months.
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Remeber that the new Regulation will become fully applicable two years after the final adoption (maybe spring 2018).
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For a detailed description of the Ordinaly Legislative Procedure have a look to my post ‘Overview of roadmap for General Data Protection Regulation‘.