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Adopted text

Single Market Emergency Instrument

TA-9-2024-0320 · P9_TA(2024)0320 · PE742.468

✦ In short · AI summary of this text, generated 26 Sept 2026

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Parliament adopted its first-reading position on a regulation establishing a framework of measures for an internal market emergency and the resilience of the internal market, replacing Council Regulation (EC) No 2679/98. The regulation sets up a framework to prevent, prepare for and respond to crises affecting the internal market, and amends Council Regulation (EC) No 2679/98. Parliament calls on the Commission to refer the matter to it again if it replaces or substantially amends its proposal.

Key points

  1. Parliament adopts its position at first reading on the proposed regulation establishing a Single Market emergency instrument.
  2. The regulation establishes a framework of measures related to an internal market emergency and to the resilience of the internal market.
  3. The regulation amends Council Regulation (EC) No 2679/98.
  4. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.

Who is affected

  • The internal market and its participants, who would be covered by the emergency and resilience framework.

Legal basis: Article 294(2) and Articles 114, 21 and 46 of the Treaty on the Functioning of the European Union.