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Ordinary legislative procedure First reading

Establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012

A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.

Where it stands: Completed: published in the Official Journal on 8 January 2025 and now EU law.

  1. ✓ Referred to committee 22 November 2021
  2. ✓ Committee work Report adopted 18 July 2023
  3. ✓ Tabled for plenary 26 July 2023
  4. ✓ Negotiations with the Council Deal approved in committee 29 January 2024
  5. ✓ Plenary vote Adopted 23 April 2024
  6. ✓ Published as law 8 January 2025
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.

Who is working on it

Lead committee
ECON — Economic and Monetary Affairs
Rapporteur
Markus FERBER PPE
Shadow rapporteurs
MEP #124780 IDAurore LALUCQ S&DJohan VAN OVERTVELDT ECRStéphanie YON-COURTIN RenewMEP #197457 Verts/ALEMEP #205452 The Left
For opinion
JURI — Legal Affairs

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Adopted by Parliament · latest Adopted text TA9-0294/2024 23 April 2024 ✦ Parliament adopted its first-reading position on a proposed directive setting a framework for the recovery and resolution of insurance and reinsurance undertakings. The position corresponds to the final legislative act, Directive (EU) 2025/1, after an agreement with the Council.⇄ what changed Tabled for plenary Report A9-0251/2023 26 July 2023 ✦ Parliament's amended version of the Commission proposal for a directive setting a framework for the recovery and resolution of insurance and reinsurance undertakings. It lays down rules for pre-emptive recovery plans, resolution plans, resolution tools and powers, and amends several directives and regulations.⇄ what changed Committee draft Draft report (ECON) 2 June 2022 ✦ The draft report sets out the rapporteur's position on the proposed directive for the recovery and resolution of insurance and reinsurance undertakings. It proposes to delete the requirement for separate resolution authorities and to rely on supervisory authorities instead.

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Outcome
  2. 8 January 2025 Published in the Official Journal

    The act is now EU law.

  3. 27 November 2024 Signed by the Presidents of Parliament and the Council

    The last step before the act is published in the Official Journal.

  4. Plenary stage
  5. 23 April 2024 Plenary vote
    Sitting of 23 April 2024 📄 Adopted text TA9-0294/2024📄 Report A9-0251/2023
    Adopted Adopted by a large majority
    For 475 Against 37 Abstained 99

    Final vote on the provisional agreement at 13:32 · 78% of votes cast in favour · every MEP’s position →

  6. 16 April 2024 1 amendment tabled for the plenary vote

    Groups propose changes to the tabled text; each is voted on before the final vote.

    📄 Amendment 2
  7. Negotiations with the Council
  8. 29 January 2024 Committee approved the deal reached with the Council

    The provisional agreement from the trilogues goes to the whole Parliament for a vote.

    📄 ECON-AG-758182
  9. 13 September 2023 Plenary endorsed the mandate to negotiate with the Council

    Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).

  10. Plenary stage
  11. 26 July 2023 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    📄 Report A9-0251/2023
  12. Committee stage
  13. 18 July 2023 Committee vote: report adopted

    ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.

  14. 2 June 2022 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

    📄 Draft report (ECON)
  15. 22 November 2021 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares the report; JURI (Legal Affairs) gives an opinion.