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From · report parliamentary committee draft · 2025-04-03 ECON-PR-772074 on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements

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To · report parliamentary committee draft · 2024-01-11 ECON-PR-757977 on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements

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DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

on the ~~Council position at first reading with a view to the adoption~~proposal offor a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements

~~(5123/1/2025~~(COM(2023)0660 – ~~C100055/2025~~C90389/2023 – 2023/0379(COD))

(Ordinary legislative procedure: ~~second~~first reading)

The European Parliament,

– having regard to the ~~Council~~Commission ~~position~~proposal atto ~~first~~Parliament ~~reading~~and ~~(5123/1/2025~~the –Council ~~C100055/2025),~~(COM(2023)0660),

– having regard to Article 294(2) and Article 114 of the ~~opinion~~Treaty on the Functioning of the European ~~Economic~~Union, ~~and~~pursuant ~~Social~~to ~~Committee~~which ofthe 14Commission ~~February~~submitted ~~2024,~~the proposal to Parliament (C90389/2023),

– having regard to ~~its~~Article ~~position~~294(3) atof ~~first~~the ~~reading~~Treaty on the ~~Commission proposal to Parliament~~Functioning ~~and~~of the ~~Council~~European ~~(COM(2023)660),~~Union,

– having regard to ~~Article~~Rule ~~294(7)~~59 of ~~the Treaty on the~~its ~~Functioning~~Rules of ~~the European Union,~~Procedure,

– having regard to the ~~provisional agreement approved~~report byof the ~~committee responsible under Rule~~Committee ~~75(4)~~on ofEconomic ~~its~~and ~~Rules~~Monetary ofAffairs ~~Procedure,~~(A90000/2023),

~~– having regard to Rule 68 of its Rules of Procedure,~~

1. Adopts its position at first reading hereinafter set out;

~~– having regard to the recommendation for second reading of the Committee on Economic and Monetary Affairs (A100000/2025),~~

2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

~~1. Approves the Council position at first reading;~~

3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

~~2. Notes that the act is adopted in accordance with the Council position;~~

Amendment 1

~~3. Instructs its President to sign the act with the President of the Council, in accordance with Article 297(1) of the Treaty on the Functioning of the European Union;~~

Proposal for a regulation

4. Instructs its Secretary-General to sign the act, once it has been verified that all the procedures have been duly completed, and, in agreement with the Secretary-General of the Council, to arrange for its publication in the Official Journal of the European Union;

Recital 2

~~5. Instructs its President to forward its position to the Council, the Commission and the national parliaments.~~

Or. en

~~SHORT JUSTIFICATION~~

Amendment 2

The Council position at first reading reflects the agreement reached between Parliament and the Council in interinstitutional negotiations at early second reading stage, after legal-linguistic verification. Since the Committee on Economic and Monetary Affairs (ECON), in its vote on 16 January 2025, already confirmed the outcome of those interinstitutional negotiations, as your rapporteur, I propose that ECON recommends that the Plenary confirms the position of the Council at first reading without amending it.

Proposal for a regulation

~~ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT~~

Recital 2 a (new)

Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that he has received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

Or. en

~~The list above is drawn up under the exclusive responsibility of the rapporteur.~~

Amendment 3

Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that he has submitted to the natural persons concerned the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing

Proposal for a regulation

Recital 4

Or. en

Amendment 4

Proposal for a regulation

Recital 6

Or. en

Amendment 5

Proposal for a regulation

Recital 6 a (new)

Or. en

Amendment 6

Proposal for a regulation

Recital 6 b (new)

Or. en

Amendment 7

Proposal for a regulation

Recital 12

Or. en

Amendment 8

Proposal for a regulation

Recital 12 a (new)

Or. en

Amendment 9

Proposal for a regulation

Recital 20 a (new)

Or. en

Amendment 10

Proposal for a regulation

Recital 21

Or. en

Amendment 11

Proposal for a regulation

Article 1 – paragraph 1 – point 1 – point a

Regulation (EU) No 2016/1011

Article 2 – paragraph 1a

Or. en

Amendment 12

Proposal for a regulation

Article 1 – paragraph 1 – point 1 – point b

Regulation (EU) No 2016/1011

Article 2 – paragraph 2 – point i

Or. en

Amendment 13

Proposal for a regulation

Article 1 – paragraph 1 – point 2– point -a (new)

Regulation (EU) No 2016/1011

Article 3 – paragraph 1 – point 17 – point m

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 14

Proposal for a regulation

Article 1 – paragraph 1 – point 2 – point a a (new)

Regulation (EU) No 2016/1011

Article 3 – paragraph 1 – point 23 c a (new)

Or. en

Amendment 15

Proposal for a regulation

Article 1 – paragraph 1 – point 8 a (new)

Regulation (EU) No 2016/1011

Article 19 – paragraph 1 – subparagraph 2

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 16

Proposal for a regulation

Article 1 – paragraph 1 – point 9 – introductory part

Regulation (EU) No 2016/1011

Article 19a – paragraph 4

Or. en

Amendment 17

Proposal for a regulation

Article 1 – paragraph 1 – point 9

Regulation (EU) No 2016/1011

Article 19a – paragraph 4 – introductory part

Or. en

Amendment 18

Proposal for a regulation

Article 1 – paragraph 1 – point 9

Regulation (EU) No 2016/1011

Article 19a – paragraph 4 – point a

Or. en

Amendment 19

Proposal for a regulation

Article 1 – paragraph 1 – point 9

Regulation (EU) No 2016/1011

Article 19a – paragraph 4 a (new)

Or. en

Amendment 20

Proposal for a regulation

Article 1 – paragraph 1 – point 10

Regulation (EU) No 2016/1011

Article 19d

Or. en

Amendment 21

Proposal for a regulation

Article 1 – paragraph 1 – point 10 a (new)

Regulation (EU) No 2016/1011

Article 19d – paragraph 1

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 22

Proposal for a regulation

Article 1 – paragraph 1 – point 10 b (new)

Regulation (EU) No 2016/1011

Article 19d a (new)

Or. en

Amendment 23

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 1 – point a

Or. en

Amendment 24

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 2 – subparagraph 1

Or. en

Amendment 25

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 2 – subparagraph 2

Or. en

Amendment 26

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 2 – subparagraph 3

Or. en

Amendment 27

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 3 – subparagraph 1 – point (c)

Or. en

Amendment 28

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 5 – subparagraph 1

Or. en

Amendment 29

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 5 – subparagraph 2

Or. en

Amendment 30

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 6 – subparagraph 1 – introductory part

Or. en

Amendment 31

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 6 a (new)

Or. en

Amendment 32

Proposal for a regulation

Article 1 – paragraph 1 – point 11

Regulation (EU) No 2016/1011

Article 24 – paragraph 7

Or. en

Amendment 33

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 1 – introductory part

Or. en

Amendment 34

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 1 – point a

Or. en

Amendment 35

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 2 a (new)

Or. en

Amendment 36

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 3 – introductory part

Or. en

Amendment 37

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 3 – point a

Or. en

Amendment 38

Proposal for a regulation

Article 1 – paragraph 1 – point 12

Regulation (EU) No 2016/1011

Article 24a – paragraph 5 – subparagraph 1 – point d

Or. en

Amendment 39

Proposal for a regulation

Article 1 – paragraph 1 – point 13 a (new)

Regulation (EU) No 2016/1011

Article 28 – paragraph 2

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 40

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point a

Regulation (EU) No 2016/1011

Article 29 – title

Or. en

Amendment 41

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point b

Regulation (EU) No 2016/1011

Article 29 – paragraph 1 – subparagraph 1

Or. en

Amendment 42

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point b

Regulation (EU) No 2016/1011

Article 29 – paragraph 1 – subparagraph 2

Or. en

Amendment 43

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c

Regulation (EU) No 2016/1011

Article 29 – paragraph 1a

Or. en

Amendment 44

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c a (new)

Regulation (EU) No 2016/1011

Article 29 – paragraph 1 c (new)

Or. en

Amendment 45

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c b (new)

Regulation (EU) No 2016/1011

Article 29 – paragraph 1 d (new)

Or. en

Amendment 46

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c c (new)

Regulation (EU) No 2016/1011

Article 29 – paragraph 1 e (new)

Or. en

Amendment 47

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c d (new)

Regulation (EU) No 2016/1011

Article 29 – paragraph 2

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 48

Proposal for a regulation

Article 1 – paragraph 1 – point 14 – point c e (new)

Regulation (EU) No 2016/1011

Article 29 – paragraph 2 a (new)

Or. en

Amendment 49

Proposal for a regulation

Article 1 – paragraph 1 – point 15 – point b

Regulation (EU) No 2016/1011

Article 32 – paragraph 3

Or. en

Amendment 50

Proposal for a regulation

Article 1 – paragraph 1 – point 15 a (new)

Regulation (EU) No 2016/1011

Article 33 – paragraph 1 – introductory part

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 51

Proposal for a regulation

Article 1 – paragraph 1 – point 15 b (new)

Regulation (EU) No 2016/1011

Article 33 – paragraph 3

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 52

Proposal for a regulation

Article 1 – paragraph 1 – point 15 c (new)

Regulation (EU) No 2016/1011

Article 33 – paragraph 6

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 53

Proposal for a regulation

Article 1 – paragraph 1 – point 16 – point a

Regulation (EU) No 2016/1011

Article 34 – paragraph 1 – introductory part

Or. en

Amendment 54

Proposal for a regulation

Article 1 – paragraph 1 – point 16 – point a

Regulation (EU) No 2016/1011

Article 34 – paragraph 1 – point a

Or. en

Amendment 55

Proposal for a regulation

Article 1 – paragraph 1 – point 16 – point a

Regulation (EU) No 2016/1011

Article 34 – paragraph 1 – point b

Or. en

Amendment 56

Proposal for a regulation

Article 1 – paragraph 1 – point 16 – point a a (new)

Regulation (EU) No 2016/1011

Article 34 – paragraph 1a

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 57

Proposal for a regulation

Article 1 – paragraph 1 – point 16 – point b

Regulation (EU) No 2016/1011

Article 34 – paragraph 3

Or. en

Amendment 58

Proposal for a regulation

Article 1 – paragraph 1 – point 16 a (new)

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – points a to c

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 59

Proposal for a regulation

Article 1 – paragraph 1 – point 17 – introductory part

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – points e to j

Or. en

Amendment 60

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point e

Or. en

Amendment 61

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point f

Or. en

Amendment 62

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point g

Or. en

Amendment 63

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point h

Or. en

Amendment 64

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point i

Or. en

Amendment 65

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 1 – point j

Or. en

Amendment 66

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 3 – point j a (new)

Or. en

Amendment 67

Proposal for a regulation

Article 1 – paragraph 1 – point 17

Regulation (EU) No 2016/1011

Article 36 – paragraph 3 – point j b (new)

Or. en

Amendment 68

Proposal for a regulation

Article 1 – paragraph 1 – point 17 a (new)

Regulation (EU) No 2016/1011

Article 40 – paragraph 1

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 69

Proposal for a regulation

Article 1 – paragraph 1 – point 19 a (new)

Regulation (EU) No 2016/1011

Article 48e – paragraph 1 – introductory part

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 70

Proposal for a regulation

Article 1 – paragraph 1 – point 19 b (new)

Regulation (EU) No 2016/1011

Article 48f – paragraph 1 – subparagraph 1

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)

Amendment 71

Proposal for a regulation

Article 1 – paragraph 1 – point 21

Regulation (EU) No 2016/1011

Article 51 – paragraph 4c

Or. en

Amendment 72

Proposal for a regulation

Article 1 – paragraph 1 – point 21 a (new)

Regulation (EU) No 2016/1011

Article 53 – paragraph 1

Or. en

(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02016R1011-20220101)