Amending Directives 2014/65/EU and (EU) 2022/2557 as regards the extension of certain mitigating measures available for small and medium sized enterprises to small mid-cap enterprises and further simplifying measures
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 2 July 2026; the plenary vote on it is still to come.
- ✓ Referred to committee 7 July 2025
- ✓ Committee work Report adopted 25 February 2026
- ✓ Tabled for plenary 27 February 2026
- 4 Plenary vote Scheduled 24 November 2026
- 5 Negotiations with the Council Deal approved in committee 2 July 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
- Mariateresa VIVALDINI ECRKristian VIGENIN S&D
- Shadow rapporteurs
- Isabel BENJUMEA BENJUMEA PPEThomas BAJADA S&DMireia BORRÁS PABÓN PfEĽudovít ÓDOR RenewJussi SARAMO The LeftLukas MANDL PPEFabrice LEGGERI PfESebastian TYNKKYNEN ECRAna VASCONCELOS RenewDiana RIBA I GINER Verts/ALEPernando BARRENA ARZA The Left
- For opinion
- IMCO — Internal Market and Consumer Protection · rapporteur Cynthia NÍ MHURCHÚ RenewITRE — Industry, Research and Energy
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
Committee opinions: Opinion (IMCO)
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
- 2 July 2026 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 3 June 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 13 April 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 11 March 2026 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
- 27 February 2026 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 25 February 2026 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 27 January 2026 IMCO (Internal Market and Consumer Protection) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
- 10 December 2025 Amendments tabled in committee
Members of the committee proposed changes to the draft.
- 14 November 2025 Draft report published
The rapporteur’s first text. Members can table amendments before the committee votes.
- 7 July 2025 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; IMCO (Internal Market and Consumer Protection), ITRE (Industry, Research and Energy) give an opinion.