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Ordinary legislative procedure First reading

Amending Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities

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 22 April 2024 and now EU law.

  1. ✓ Referred to committee 12 June 2023
  2. ✓ Committee work Report adopted 7 November 2023
  3. ✓ Tabled for plenary 8 November 2023
  4. ✓ Negotiations with the Council Deal approved in committee 11 January 2024
  5. ✓ Plenary vote Adopted 27 February 2024
  6. ✓ Published as law 22 April 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 RenewKira Marie PETER-HANSEN Verts/ALEMartin SCHIRDEWAN The Left
For opinion
BUDG — Budgets 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 TA9-0088/2024 27 February 2024 ✦ Parliament adopted its first-reading position on a directive amending Directive 2014/59/EU and Regulation (EU) No 806/2014 on the minimum requirement for own funds and eligible liabilities (MREL). The position reflects an agreement with the Council and corresponds to the final act, Directive (EU) 2024/1174.⇄ what changed Tabled for plenary Report A9-0344/2023 8 November 2023 ✦ Parliament's amended version of a proposed directive amending Directive 2014/59/EU and Regulation (EU) No 806/2014 on the minimum requirement for own funds and eligible liabilities (MREL).⇄ what changed Committee draft Draft report (ECON) 11 September 2023 ✦ This is the rapporteur's draft report on a proposed directive amending Directive 2014/59/EU and Regulation (EU) No 806/2014 on the minimum requirement for own funds and eligible liabilities (MREL). It adopts Parliament's position at first reading with amendments.

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. 22 April 2024 Published in the Official Journal

    The act is now EU law.

  3. 11 April 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. 27 February 2024 Plenary vote
    Sitting of 27 February 2024 📄 Adopted text TA9-0088/2024📄 Report A9-0344/2023
    Adopted Adopted by a large majority
    For 485 Against 35 Abstained 104

    Final vote on the provisional agreement at 12:26 · 78% of votes cast in favour · every MEP’s position →

  6. Negotiations with the Council
  7. 11 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-757980
  8. 22 November 2023 Plenary endorsed the mandate to negotiate with the Council

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

  9. Plenary stage
  10. 8 November 2023 Report tabled for plenary

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

    📄 Report A9-0344/2023
  11. Committee stage
  12. 7 November 2023 Committee vote: report adopted

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

  13. 11 September 2023 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)
  14. 12 June 2023 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares the report; BUDG (Budgets), JURI (Legal Affairs) give an opinion.