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

PR_COD_2app

Symbols for procedures

* Consultation procedure

*** Consent procedure

***I Ordinary legislative procedure (first reading)

***II Ordinary legislative procedure (second reading)

***III Ordinary legislative procedure (third reading)

(The type of procedure depends on the legal basis proposed by the draft act.)

Amendments to a draft act

Amendments by Parliament set out in two columns

Deletions are indicated in bold italics in the left-hand column. Replacements are indicated in bold italics in both columns. New text is indicated in bold italics in the right-hand column.

The first and second lines of the header of each amendment identify the relevant part of the draft act under consideration. If an amendment pertains to an existing act that the draft act is seeking to amend, the amendment heading includes a third line identifying the existing act and a fourth line identifying the provision in that act that Parliament wishes to amend.

Amendments by Parliament in the form of a consolidated text

New text is highlighted in bold italics. Deletions are indicated using either the ▌symbol or strikeout. Replacements are indicated by highlighting the new text in bold italics and by deleting or striking out the text that has been replaced.

By way of exception, purely technical changes made by the drafting departments in preparing the final text are not highlighted.

DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

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

(5123/1/2025 – C100055/2025 – 2023/0379(COD))

(Ordinary legislative procedure: second reading)

– having regard to the Council position at first reading (5123/1/2025 – C100055/2025),

– having regard to the opinion of the European Economic and Social Committee of 14 February 2024,

– having regard to its position at first reading on the Commission proposal to Parliament and the Council (COM(2023)660),

– having regard to Article 294(7) of the Treaty on the Functioning of the European Union,

– having regard to the provisional agreement approved by the committee responsible under Rule 75(4) of its Rules of Procedure,

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

– having regard to the recommendation for second reading of the Committee on Economic and Monetary Affairs (A10-0060/2025),

1. Approves the Council position at first reading;

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

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;

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;

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

SHORT JUSTIFICATION

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.

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

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:

Entity and/or person

Comisión Nacional del Mercado de Valores - CNMV

Bloomberg LP

MSCI Limited

Euronext

Intercontinental Exchange Inc.

Index Industry Association

Deutsche Borse AG

UNESPA

FESE

Nasdaq

General Index Ltd.

Asociación Española de la Banca - AEB

AFG

BBVA

EFAMA

London Stock Exchange Group - LSEG

MSCI

Argus Media

CBOE Global Markets

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

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

PROCEDURE – COMMITTEE RESPONSIBLE

Title

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

References

05123/1/2025 – C10-0055/2025 – 2023/0379(COD)

Date of Parliament’s first reading – P number

24.4.2024 T9-0357/2024

Draft act considered at first reading

COM(2023)0660 - C9-0389/2023

Receipt of Council position at first reading announced in plenary

3.4.2025

Committee(s) responsible

ECON

Rapporteurs

Date appointed

Jonás Fernández

12.9.2024

Date adopted

8.4.2025

Result of final vote

+:

–:

0:

36

2

10

Members present for the final vote

Georgios Aftias, Rasmus Andresen, Stephen Nikola Bartulica, Isabel Benjumea Benjumea, Stefan Berger, Gilles Boyer, Giovanni Crosetto, Fabio De Masi, Siegbert Frank Droese, Engin Eroglu, Marco Falcone, Markus Ferber, Jonás Fernández, Enikő Győri, Eero Heinäluoma, Kinga Kollár, Tomáš Kubín, Aurore Lalucq, Rada Laykova, Marlena Maląg, Jorge Martín Frías, Denis Nesci, Luděk Niedermayer, Ľudovít Ódor, Nikos Papandreou, Gaetano Pedulla’, Lídia Pereira, Kira Marie Peter-Hansen, Pierre Pimpie, Evelyn Regner, René Repasi, Jussi Saramo, Paulius Saudargas, Ralf Seekatz, Irene Tinagli, Francesco Ventola, Lara Wolters, Auke Zijlstra, Roberts Zīle

Substitutes present for the final vote

Fernand Kartheiser, Martine Kemp, Eva Maydell, Andreas Schwab, Virginijus Sinkevičius

Members under Rule 216(7) present for the final vote

Estelle Ceulemans, Dóra Dávid, Isilda Gomes, Carolina Morace

Date tabled

10.4.2025

FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

Key to symbols: