Where the law stands, Dossier 2023/0115(COD)
Scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency (DGSD2)
Amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency
Ordinary legislative procedure (COD): Parliament and the Council decide together as equals. · First reading
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
Published as law
Completed: published in the Official Journal on 20 April 2026 and now EU law.
- Referred to committee(done) 12 March 2026
- Committee work(done) Report adopted 18 March 2026
- Tabled for plenary(done) 19 March 2026
- Plenary vote(done) Voted 26 March 2026
- Negotiations with the Council(done) Deal approved in committee 5 November 2025
- Published as law(done) 20 April 2026
Decided in plenary
26 March 2026 · decision 7
Economy & single market, New EU law
Scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency (DGSD2)
Approved without a vote Decided by show of hands: no count recorded.
AI summary:The draft law updates EU rules on deposit protection, covering the scope of deposit guarantee schemes, their funding, cross-border cooperation, and transparency.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Kira Marie Peter-Hansen (Greens)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Mep #124780 (ID), Luděk Niedermayer (EPP), Irene Tinagli (S&D), Mep #197634 (S&D), Auke Zijlstra (Patriots), Roberts Zīle (ECR), Gilles Boyer (Renew), Martin Schirdewan (The Left), Alexander Jungbluth (ESN)
- Committees giving an opinion
- Legal Affairs
- Internal Market and Consumer Protection
The text, version by version
Newest first.
Adopted by Parliament· 26 Mar 2026
AI summary:Parliament approves the Council position at first reading on a directive amending Directive 2014/49/EU on deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency.
Adopted by Parliament· 24 Apr 2024
AI summary:Parliament's amended version of the proposed directive amends Directive 2014/49/EU on deposit guarantee schemes (DGSs). It expands deposit protection to certain financial institutions' client funds and public authorities, and sets temporary high balances protection at EUR 500,000 to EUR 2,500,000 for 6 months.
Tabled for plenary· 19 Mar 2026
AI summary:Parliament approves the Council position at first reading on a directive amending Directive 2014/49/EU on deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency.
Tabled for plenary· 25 Mar 2024
AI summary:Parliament's amended version of the proposed directive amends Directive 2014/49/EU on deposit guarantee schemes (DGSs). It harmonises DGS functions, expands deposit coverage, and sets rules for using DGS funds.
Committee draft· 10 Mar 2026
AI summary:This draft report recommends that Parliament approve the Council's first-reading position on a directive amending Directive 2014/49/EU on deposit protection, without amendments.
Committee draft· 3 Oct 2023
AI summary:This draft report proposes amendments to the Commission's proposal amending Directive 2014/49/EU on deposit guarantee schemes (DGSs). It raises the target funding level to 1% of covered deposits, sets a repayment period of less than seven working days, and introduces an EU credit line for DGSs facing liquidity shortfalls.
Timeline
Newest first.
Outcome 2 steps
20 April 2026
Published in the Official Journal
The act is now EU law.
30 March 2026
Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
Plenary stage 3 steps
26 March 2026
Plenary vote
Sitting of 26 Mar 2026 Adopted text TA10-0090/2026Report A10-0065/2026
25 March 2026
Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
Sitting of 25 Mar 2026 Council / Commission text C10-0072/2026Council / Commission text C10-0073/2026Council / Commission text C10-0074/2026Report A10-0065/2026Report A10-0066/2026Report A10-0067/2026
19 March 2026
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 3 steps
18 March 2026
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
12 March 2026
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; JURI (Legal Affairs), IMCO (Internal Market and Consumer Protection) give an opinion.
10 March 2026
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
Negotiations with the Council 10 steps
5 November 2025
Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
25 June 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
5 June 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
22 May 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
28 April 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
25 March 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
12 March 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
4 February 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
14 January 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
17 December 2024
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
Plenary stage 2 steps
24 April 2024
Plenary vote
Sitting of 24 Apr 2024 Adopted text TA9-0328/2024Report A9-0154/2024
25 March 2024
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 4 steps
20 March 2024
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
6 November 2023
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
3 October 2023
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
10 July 2023
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; JURI (Legal Affairs), IMCO (Internal Market and Consumer Protection) give an opinion.
Official record: Legislative Observatory, 2023/0115(COD)