Establishing the exchange, assistance and training programme for the protection of the euro against counterfeiting for the period 2028-2034 (the 'Pericles V' programme) and repealing Regulation (EU) 2021/840
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 adopted its position on 21 October 2026. Negotiations with the Council on a common text are under way.
- ✓ Referred to committee 6 October 2025
- ✓ Committee work Report adopted 28 September 2026
- ✓ Tabled for plenary 2 October 2026
- ✓ Plenary vote Adopted 21 October 2026
- 5 Negotiations with the Council Talks opened 21 October 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
- LIBE — Civil Liberties, Justice and Home Affairs
- Rapporteur
- Michael MCNAMARA Renew
- Shadow rapporteurs
- Tomáš ZDECHOVSKÝ PPESandro RUOTOLO S&DFabrice LEGGERI PfESebastian TYNKKYNEN ECRAnna STROLENBERG Verts/ALE
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
Latest Tabled for plenary → Adopted by Parliament: The new version widens the programme's scope to include counterfeiting-related fraud alongside protection of the euro against counterfeiting. It also adds a requirement to regularly update work programmes in light of the emerging developments referred to in Article 2(2). see the changes →
Committee draft → Tabled for plenary: The programme's scope shifts from counterfeiting and other potential threats to counterfeiting and counterfeiting-related fraud, with a new general objective covering other emerging threats to the euro's authenticity, integrity or functioning. The text sets a programme envelope of EUR 7 811 000 in current prices (EUR 6 942 000 in 2025 prices) and adds rules on implementation with member states, synergies with other Union programmes, and additional contributions. Delegated acts are dropped and replaced by regular updates of work programmes, new monitoring and reporting duties including annual reports to Parliament, the Council and the European Central Bank, and new expert categories in the annex. New recitals cover the interim evaluation, independent evaluations, fundamental rights, budget conditionality, budgetary oversight and counterfeit figures. The other changes are formal and wording: a comma is removed and recital 5 is rephrased. see the changes →
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
- 21 October 2026 Parliament opened negotiations with the Council
After its vote Parliament sent the file back to committee, so that its negotiators can seek a compromise text with the Council (in “trilogues”).
- Plenary stage
- 21 October 2026 Plenary voteAdopted Adopted by an overwhelming majorityFor 629 Against 7 Abstained 31
Final vote at 13:42 · 94% of votes cast in favour · every MEP’s position →
Show all 8 ballots in voting order
1. Amendments by the committee responsible — put to the vote collectively Amendments by the committee responsible – put to the vote collectivelyAdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded2. Separate vote on recital 4AdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recordedAdopted4. Amendment 7, adding text after recital 8 13:42 A10-0256/2026 – Michael McNamara – After recital 8 – Am 7Adopted5. Vote on text inserted after recital 15AdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded6. Amendment 14, adding text after recital 15 — part 2 13:42 A10-0256/2026 – Michael McNamara – After recital 15 – Am 14/2AdoptedAdopted8. Referral back to committee Request for referral back to committeeAdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded - 14 October 2026 30 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- 2 October 2026 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 28 September 2026 Committee vote: report adopted
LIBE (Civil Liberties, Justice and Home Affairs) voted on the amendments and adopted the report that goes to plenary.
- 30 June 2026 Amendments tabled in committee
Members of LIBE (Civil Liberties, Justice and Home Affairs) proposed changes to the draft.
- 17 June 2026 Draft report published
The rapporteur’s first text in LIBE (Civil Liberties, Justice and Home Affairs). Members can table amendments before the committee votes.
- 6 October 2025 Referred to the LIBE (Civil Liberties, Justice and Home Affairs) committee
The lead committee prepares Parliament’s report.