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Ordinary legislative procedure First reading

Amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks, and amending Directive 2014/59/EU

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 19 June 2024 and now EU law.

  1. ✓ Referred to committee 17 January 2022
  2. ✓ Committee work Report adopted 24 January 2023
  3. ✓ Tabled for plenary 10 February 2023
  4. ✓ Negotiations with the Council Deal approved in committee 11 December 2023
  5. ✓ Plenary vote Adopted 24 April 2024
  6. ✓ Published as law 19 June 2024
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
Jonás FERNÁNDEZ S&D
Shadow rapporteurs
MEP #124780 IDMEP #4246 PPEJohan VAN OVERTVELDT ECRMEP #239972 RenewVille NIINISTÖ Verts/ALEMEP #28586 The Left

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 TA9-0362/2024 24 April 2024 ✦ Parliament's position at first reading on a directive amending Directive 2013/36/EU on supervisory powers, sanctions, third-country branches and environmental, social and governance risks, and amending Directive 2014/59/EU.⇄ what changed Tabled for plenary Report A9-0029/2023 10 February 2023 ✦ Parliament's amended version of the Commission proposal to amend Directive 2013/36/EU on supervisory powers, sanctions, third-country branches and environmental, social and governance risks, and to amend Directive 2014/59/EU.⇄ what changed Committee draft Draft report (ECON) 1 June 2022 ✦ This is the rapporteur's draft report on the Commission proposal to amend Directive 2013/36/EU on supervisory powers, sanctions, third-country branches and environmental, social and governance risks, and to amend Directive 2014/59/EU.

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. 19 June 2024 Published in the Official Journal

    The act is now EU law.

  3. 31 May 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. 24 April 2024 Plenary vote
    Sitting of 24 April 2024 📄 Adopted text TA9-0362/2024📄 Report A9-0029/2023
    Adopted Adopted by an overwhelming majority
    For 486 Against 56 Abstained 26

    Final vote on the provisional agreement at 18:50 · 86% of votes cast in favour · every MEP’s position →

  6. 24 April 2024 Debated in plenary

    MEPs debated the text in the chamber ahead of the vote.

    Sitting of 24 April 2024 📄 Council / Commission text C9-0395/2021📄 Council / Commission text C9-0397/2021📄 Report A9-0029/2023📄 Report A9-0030/2023
  7. Negotiations with the Council
  8. 11 December 2023 Committee approved the deal reached with the Council

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

    📄 ECON-AG-757234
  9. 15 February 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. 10 February 2023 Report tabled for plenary

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

    📄 Report A9-0029/2023
  12. Committee stage
  13. 24 January 2023 Committee vote: report adopted

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

  14. 1 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. 17 January 2022 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.