Amending Directives (EU) 2009/65/EC, 2009/138/EC, 2011/61/EU, 2014/65/EU and (EU) 2016/97 as regards the Union retail investor protection rules
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: Parliament’s committee approved the deal reached with the Council on 23 June 2026; the plenary vote on it is still to come.
- ✓ Referred to committee 10 July 2023
- ✓ Committee work Report adopted 20 March 2024
- ✓ Tabled for plenary 2 April 2024
- ✓ Plenary vote Adopted 23 April 2024
- 5 Negotiations with the Council Deal approved in committee 23 June 2026
- 6 Published as law
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
- Stéphanie YON-COURTIN Renew
- Shadow rapporteurs
- Ralf SEEKATZ PPEEero HEINÄLUOMA S&DTomáš KUBÍN PfEDenis NESCI ECRVladimir PREBILIČ Verts/ALEJussi SARAMO 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
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
- Negotiations with the Council
- 23 June 2026 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 17 December 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 25 November 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 21 October 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 23 September 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 9 July 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 18 March 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 23 April 2024 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
- 23 April 2024 Plenary voteAdopted Adopted by a clear majorityFor 352 Against 230 Abstained 21
Decision to open negotiations with the Council · 58% of votes cast in favour
- 2 April 2024 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 20 March 2024 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 9 October 2023 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 10 July 2023 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.