Where the law stands, Dossier 2023/0379(COD)
Amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
Ordinary legislative procedure (COD): Parliament and the Council decide together as equals. · Second 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 19 May 2025 and now EU law.
- Referred to committee(done) 3 April 2025
- Committee work(done) Report adopted 8 April 2025
- Tabled for plenary(done) 10 April 2025
- Plenary vote(done) Voted 6 May 2025
- Negotiations with the Council(done) Deal approved in committee 16 January 2025
- Published as law(done) 19 May 2025
Decided in plenary
6 May 2025 · decision 1
Economy & single market, New EU law
Amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
Approved without a vote Decided by show of hands: no count recorded.
AI summary:The draft law amends the EU rules on benchmarks, covering their scope, the use of benchmarks from third-country administrators, and reporting requirements.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Jonás Fernández (S&D)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Antonio López-Istúriz White (EPP), Inese Vaidere (EPP), Auke Zijlstra (Patriots), Kristoffer Storm (ECR), Mep #204733 (ECR), Gilles Boyer (Renew), Mep #96648 (Greens), Vladimir Prebilič (Greens), Mep #28586 (The Left), Jussi Saramo (The Left)
- Committees giving an opinion
- Internal Market and Consumer Protection
- Industry, Research and Energy
- Environment, Climate and Food Safety
- Legal Affairs
The text, version by version
Newest first.
Adopted by Parliament· 6 May 2025
AI summary:Parliament approves the Council position on a regulation amending the rules for benchmarks, including the use of benchmarks from third-country administrators and reporting requirements.
Adopted by Parliament· 24 Apr 2024
AI summary:Parliament's amended version of the proposed regulation amends the EU benchmarks regulation to focus rules on critical and significant benchmarks, EU Climate Transition and Paris-aligned Benchmarks, and certain commodity benchmarks, reducing burdens on smaller benchmarks.
Tabled for plenary· 10 Apr 2025
AI summary:Parliament approves the Council position at first reading on a regulation amending the EU benchmarks regulation, covering scope, third-country benchmarks, and reporting requirements.
Tabled for plenary· 7 Mar 2024
AI summary:Parliament's amended version of the proposed regulation narrows the scope of benchmark rules to critical, significant, EU Climate Transition and EU Paris-aligned benchmarks, and commodity benchmarks under Annex II. It sets procedures for designating significant benchmarks, requires administrators to seek authorisation or registration, and restricts use of non-compliant benchmarks.
Committee draft· 3 Apr 2025
AI summary:The draft report recommends approving the Council position at first reading on a regulation amending the Benchmarks Regulation, which adjusts rules on benchmarks' scope, third-country administrators, and reporting requirements.
Committee draft· 11 Jan 2024
AI summary:This draft report sets out Parliament's amendments to the Commission proposal amending the Benchmarks Regulation, narrowing its scope to critical, significant, EU Climate Transition, EU Paris-aligned, ESG and certain commodity benchmarks, and shifting supervisory powers to ESMA.
Timeline
Newest first.
Outcome 2 steps
19 May 2025
Published in the Official Journal
The act is now EU law.
7 May 2025
Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
Plenary stage 2 steps
6 May 2025
Plenary vote
Sitting of 6 May 2025 Adopted text TA10-0071/2025Report A10-0060/2025
10 April 2025
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 3 steps
8 April 2025
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
3 April 2025
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
3 April 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; IMCO (Internal Market and Consumer Protection), ITRE (Industry, Research and Energy), ENVI (Environment, Climate and Food Safety), JURI (Legal Affairs) give an opinion.
Negotiations with the Council 1 step
16 January 2025
Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
Plenary stage 2 steps
24 April 2024
Plenary vote
Sitting of 24 Apr 2024 Adopted text TA9-0357/2024Report A9-0076/2024
7 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
4 March 2024
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
1 February 2024
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
11 January 2024
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
11 December 2023
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; IMCO (Internal Market and Consumer Protection), ITRE (Industry, Research and Energy), ENVI (Environment, Climate and Food Safety), JURI (Legal Affairs) give an opinion.
Official record: Legislative Observatory, 2023/0379(COD)