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Ordinary legislative procedure First reading

Amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions as regards requirements for securitisation exposures

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 May 2026. Negotiations with the Council on a common text are under way (last trilogue 21 October 2026).

  1. ✓ Referred to committee 8 September 2025
  2. ✓ Committee work Report adopted 5 May 2026
  3. ✓ Tabled for plenary 8 May 2026
  4. ✓ Plenary vote Adopted 21 May 2026
  5. 5 Negotiations with the Council Trilogue 21 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
Ralf SEEKATZ PPE
Shadow rapporteurs
Eero HEINÄLUOMA S&DAuke ZIJLSTRA PfEGiovanni CROSETTO ECRGilles BOYER RenewMarie TOUSSAINT Verts/ALEMartin SCHIRDEWAN 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

Timeline

  1. Negotiations with the Council
  2. 21 October 2026 Trilogue meeting

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

  3. 29 September 2026 Trilogue meeting

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

  4. 7 July 2026 Trilogue meeting

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

  5. 17 June 2026 Trilogue meeting

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

  6. 21 May 2026 Plenary endorsed the mandate to negotiate with the Council

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

  7. Plenary stage
  8. Adopted Adopted by a clear majority
    For 294 Against 192 Abstained 90

    Decision to open negotiations with the Council at 13:16 · 51% of votes cast in favour · every MEP’s position →

  9. 8 May 2026 Report tabled for plenary

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

  10. Committee stage
  11. 5 May 2026 Committee vote: report adopted

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

  12. 6 February 2026 Amendments tabled in committee (2 batches)

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

  13. 11 December 2025 Draft report published

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

  14. 8 September 2025 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.