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In accordance with Article 312 of the TFEU, which statement accurately describes the procedure for adopting a regulation laying down the Union's multiannual financial framework?
A
Under the previous treaty framework, it was adopted by consensus among Member States without requiring any formal consent from the European Parliament.
B
The European Parliament and the Council adopt it jointly under the ordinary legislative procedure following a proposal from the Commission.
C
The Council adopts it unanimously after obtaining the consent of the European Parliament, which shall be given by a majority of its component members.
D
The Council adopts it by qualified majority after consulting the European Parliament and obtaining its approval.
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