Where the law stands, Dossier 2025/0381(COD)
Settlement finality and repealing Directive 98/26/EC and amending Directive 2002/47/EC on financial collateral arrangements
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
Committee work
In committee: ECON (Economic and Monetary Affairs) is preparing the report (draft published 11 June 2026).
- Referred to committee(done) 12 February 2026
- Committee work ECON (Economic and Monetary Affairs) preparing the report
- Tabled for plenary(to come)
- Plenary vote(to come)
- Negotiations with the Council(to come)
- Published as law(to come)
No plenary decision on this dossier is in our records yet.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Giovanni Crosetto (ECR)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Markus Ferber (EPP), Eero Heinäluoma (S&D), Jaroslav Knot (Patriots), Billy Kelleher (Renew), Damian Boeselager (Greens), Gaetano Pedulla' (The Left)
- Committees giving an opinion
- Legal Affairs
The text, version by version
Newest first.
Committee draft· 11 Jun 2026
Timeline
Newest first.
Committee stage 3 steps
20 July 2026
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
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.
12 February 2026
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; JURI (Legal Affairs) gives an opinion.
Official record: Legislative Observatory, 2025/0381(COD)