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Ordinary legislative procedure First reading

Framework for Financial Data Access and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554

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 negotiators are talking to the Council (last trilogue 17 June 2025); the plenary vote on the outcome is still to come.

  1. ✓ Referred to committee 19 October 2023
  2. ✓ Committee work Report adopted 18 April 2024
  3. ✓ Tabled for plenary 30 April 2024
  4. 4 Plenary vote Awaiting the vote
  5. 5 Negotiations with the Council Trilogue 17 June 2025
  6. 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
Johan VAN OVERTVELDT ECR
Shadow rapporteurs
Regina DOHERTY PPEEero HEINÄLUOMA S&DTomáš KUBÍN PfEStéphanie YON-COURTIN RenewRasmus ANDRESEN 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

Tabled for plenary · latest Report A9-0183/2024 30 April 2024 ✦ Parliament's amended version of the Commission proposal for a regulation on a framework for Financial Data Access. It requires financial institutions to share customer data with authorised data users at the customer's explicit request, and sets rules for financial information service providers.⇄ what changed Committee draft Draft report (ECON) 13 December 2023 ✦ This is the rapporteur's draft report on the Commission proposal for a regulation on a framework for Financial Data Access (FiDA). It proposes amendments to the Commission text, including changes to recitals and articles.

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. Negotiations with the Council
  2. 17 June 2025 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  3. 1 April 2025 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  4. 18 December 2024 Plenary endorsed the mandate to negotiate with the Council

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

  5. Plenary stage
  6. 30 April 2024 Report tabled for plenary

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

    📄 Report A9-0183/2024
  7. Committee stage
  8. 18 April 2024 Committee vote: report adopted

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

  9. 2 February 2024 Amendments tabled in committee (2 batches)

    Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.

    📄 Amendments in committee (ECON)📄 Amendments in committee (ECON)
  10. 13 December 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)
  11. 19 October 2023 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.