Payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC
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 5 May 2026; the plenary vote on it is still to come.
- ✓ Referred to committee 11 September 2023
- ✓ Committee work Report adopted 14 February 2024
- ✓ Tabled for plenary 21 February 2024
- ✓ Plenary vote Adopted 23 April 2024
- 5 Negotiations with the Council Deal approved in committee 5 May 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
- Rapporteurs
- MEP #118949 RenewMorten LØKKEGAARD Renew
- Shadow rapporteurs
- Lídia PEREIRA PPERené REPASI S&DMEP #197496 S&DTomáš KUBÍN PfEMarlena MALĄG ECRMEP #204420 Verts/ALEMEP #197767 ECRVirginijus SINKEVIČIUS Verts/ALEMEP #132191 IDJussi SARAMO The LeftMEP #205452 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
- Negotiations with the Council
- 5 May 2026 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 26 November 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 23 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.
- Plenary stage
- 23 April 2024 Plenary voteAdopted Adopted by a large majorityFor 484 Against 8 Abstained 118
Final vote at 13:35 · 79% of votes cast in favour · every MEP’s position →
- 21 February 2024 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 14 February 2024 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 4 December 2023 Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
- 13 November 2023 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 11 September 2023 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; JURI (Legal Affairs) gives an opinion.