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Ordinary legislative procedure First reading

Amending Regulations (EU) No 1095/2010, No 648/2012, No 600/2014, No 909/2014, 2015/2365, 2019/1156, 2021/23, 2022/858, 2023/1114, No 1060/2009, 2016/1011, 2017/2402, 2023/2631 and 2024/3005 as regards the further development of capital market integration and supervision within the Union

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: In committee: ECON (Economic and Monetary Affairs) is preparing the report (draft published 11 June 2026).

  1. ✓ Referred to committee 27 January 2026
  2. 2 Committee work ECON (Economic and Monetary Affairs) preparing the report
  3. 3 Tabled for plenary
  4. 4 Plenary vote
  5. 5 Negotiations with the Council
  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
Markus FERBER PPE
Shadow rapporteurs
Eero HEINÄLUOMA S&DJaroslav KNOT PfEJohan VAN OVERTVELDT ECRBilly KELLEHER RenewDamian BOESELAGER Verts/ALEGaetano PEDULLA' The Left

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 draft · latest Draft report (ECON) 11 June 2026 ✦ This is the rapporteur's draft report on the Commission proposal to amend many EU financial services regulations to further integrate and centralise capital market supervision. It proposes giving ESMA a competitiveness mandate, direct supervision of all EU CCPs and CSDs, and a data platform.

Committee opinions: Draft opinion (BUDG)

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

  1. Committee stage
  2. 31 July 2026 Amendments tabled in committee (5 batches)

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

    📄 Amendments in committee (ECON)📄 Amendments in committee (ECON)📄 Amendments in committee (ECON)📄 Amendments in committee (ECON)📄 Amendments in committee (ECON)
  3. 11 June 2026 Draft report published

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

    📄 Draft report (ECON)
  4. 27 January 2026 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.