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According to the Treaty on the Functioning of the European Union, which of the following accurately describes the mechanism for establishing inter-institutional cooperation arrangements?
A
The European Parliament, the Council and the Commission may conclude interinstitutional agreements that may be of a binding nature, following consultation and common agreement.
B
Under Article 217, the Union may conclude interinstitutional agreements with third countries involving reciprocal rights and common action.
C
The European Parliament and the Court of Justice shall jointly draft binding interinstitutional agreements to ensure judicial independence.
D
The Council alone may adopt binding interinstitutional agreements by qualified majority voting to streamline administrative cooperation.
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