Amending Directives 2011/61/EU and 2009/65/EC as regards delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services and loan origination by alternative investment funds
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 26 March 2024 and now EU law.
- ✓ Referred to committee 14 February 2022
- ✓ Committee work Report adopted 24 January 2023
- ✓ Tabled for plenary 2 February 2023
- ✓ Negotiations with the Council Deal approved in committee 28 November 2023
- ✓ Plenary vote Adopted 7 February 2024
- ✓ Published as law 26 March 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
- Isabel BENJUMEA BENJUMEA PPE
- Shadow rapporteurs
- MEP #132191 IDMEP #125020 S&DMEP #197767 ECRBilly KELLEHER RenewMEP #197539 Verts/ALEMEP #88715 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
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
- Outcome
- 26 March 2024 Published in the Official Journal
The act is now EU law.
- 13 March 2024 Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
- Plenary stage
- 7 February 2024 Plenary voteAdopted Adopted by an overwhelming majorityFor 576 Against 40 Abstained 19
Final vote on the provisional agreement at 12:55 · 91% of votes cast in favour · every MEP’s position →
- 6 February 2024 Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
- Negotiations with the Council
- 28 November 2023 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 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”).
- Plenary stage
- 2 February 2023 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 24 January 2023 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 16 May 2022 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 14 February 2022 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; JURI (Legal Affairs) gives an opinion.