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DRAFT RECOMMENDATION FOR SECOND READING (5123/1/2025 – C100055/2025 – 2023/0379(COD))

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

ECON-PR-772074

Committee on Economic and Monetary Affairs · Rapporteur: Jonás Fernández

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Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

The draft report recommends approving the Council position at first reading on a regulation amending the Benchmarks Regulation, which adjusts rules on benchmarks' scope, third-country administrators, and reporting requirements.

Committee position. The rapporteur proposes that the committee recommends the Plenary confirm the Council position at first reading without amendment.

Key points

  1. Parliament approves the Council position at first reading without amendments.
  2. The act is adopted in accordance with the Council position.
  3. The President is instructed to sign the act with the President of the Council.
  4. The Secretary-General is instructed to sign the act and arrange its publication in the Official Journal.
  5. The President is instructed to forward Parliament's position to the Council, Commission, and national parliaments.

Legal basis: Article 294(7) of the Treaty on the Functioning of the European Union