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Ordinary legislative procedure First reading

Amending Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR), Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) and repealing Commission Delegated Regulation (EU) 2022/1288

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; the plenary vote on the outcome is still to come.

  1. ✓ Referred to committee 12 February 2026
  2. ✓ Committee work Report adopted 10 September 2026
  3. ✓ Tabled for plenary 15 September 2026
  4. 4 Plenary vote Awaiting the vote
  5. 5 Negotiations with the Council Talks opened 7 October 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
Rapporteur
Gerben-Jan GERBRANDY Renew
Shadow rapporteurs
Luděk NIEDERMAYER PPELara WOLTERS S&DJaroslava POKORNÁ JERMANOVÁ PfEDenis NESCI ECRKira Marie PETER-HANSEN Verts/ALEMartin GÜNTHER The Left
For opinion
ENVI — Environment, Climate and Food Safety

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. 7 October 2026 Plenary endorsed the mandate to negotiate with the Council

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

  3. Plenary stage
  4. 15 September 2026 Report tabled for plenary

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

  5. Committee stage
  6. 10 September 2026 Committee vote: report adopted

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

  7. 10 June 2026 Amendments tabled in committee (2 batches)

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

  8. 28 April 2026 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

  9. 12 February 2026 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares the report; ENVI (Environment, Climate and Food Safety) gives an opinion.