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Ordinary legislative procedure First reading

Payment services in the internal market and amending Regulation (EU) No 1093/2010

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.

  1. ✓ Referred to committee 11 September 2023
  2. ✓ Committee work Report adopted 14 February 2024
  3. ✓ Tabled for plenary 22 February 2024
  4. ✓ Plenary vote Adopted 23 April 2024
  5. 5 Negotiations with the Council Deal approved in committee 5 May 2026
  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
Rapporteurs
René REPASI S&DMEP #197496 S&D
Shadow rapporteurs
Lídia PEREIRA PPETomáš KUBÍN PfEMEP #118949 RenewMEP #204420 Verts/ALEMarlena MALĄG ECRMEP #197767 ECRMorten LØKKEGAARD RenewVirginijus SINKEVIČIUS Verts/ALEMEP #132191 IDJussi SARAMO The LeftMEP #205452 The Left
For opinion
LIBE — Civil Liberties, Justice and Home Affairs IMCO — Internal Market and Consumer Protection 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

Timeline

  1. Negotiations with the Council
  2. 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.

  3. 26 November 2025 Trilogue meeting

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

  4. 23 October 2025 Trilogue meeting

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

  5. 23 September 2025 Trilogue meeting

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

  6. 9 July 2025 Trilogue meeting

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

  7. Plenary stage
  8. Adopted Adopted by an overwhelming majority
    For 511 Against 22 Abstained 75

    Final vote at 13:37 · 84% of votes cast in favour · every MEP’s position →

  9. 22 February 2024 Report tabled for plenary

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

  10. Committee stage
  11. 14 February 2024 Committee vote: report adopted

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

  12. 4 December 2023 Amendments tabled in committee (2 batches)

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

  13. 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.

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

    The lead committee prepares the report; LIBE (Civil Liberties, Justice and Home Affairs), IMCO (Internal Market and Consumer Protection), JURI (Legal Affairs) give an opinion.