Where the law stands, Dossier 2025/0826(COD)
Amending Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation
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
Negotiations with the Council
Parliament adopted its position on 21 May 2026. Negotiations with the Council on a common text are under way (last trilogue 7 July 2026).
- Referred to committee(done) 8 September 2025
- Committee work(done) Report adopted 5 May 2026
- Tabled for plenary(done) 8 May 2026
- Plenary vote(done) Adopted 21 May 2026
- Negotiations with the Council Trilogue 7 July 2026
- Published as law(to come)
Decided in plenary
21 May 2026 · decision 2
Economy & single market, New EU law
Amending Regulation (EU) 2017/2402 on securitisation and a specific framework for simple, transparent and standardised securitisation
Negotiating mandate approved On the decision to open negotiations with the Council: 294 for · 194 against · 86 abstained
AI summary:The position introduces definitions for public and private securitisations and adjusts due diligence rules, making checks proportionate to risk and easing requirements for repeat transactions.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Ralf Seekatz (EPP)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Eero Heinäluoma (S&D), Auke Zijlstra (Patriots), Giovanni Crosetto (ECR), Gilles Boyer (Renew), Marie Toussaint (Greens), Martin Schirdewan (The Left)
The text, version by version
Newest first.
Tabled for plenary· 8 May 2026
AI summary:Parliament's amended version of the proposed regulation amending the EU securitisation framework introduces definitions of public and private securitisations, streamlines due diligence, and adjusts reporting requirements.
Committee draft· 11 Dec 2025
AI summary:The draft report proposes amendments to the Commission's proposal amending the EU securitisation regulation. It redefines public and private securitisations, introduces repeat transactions, and adjusts due diligence, risk retention, and reporting rules.
Timeline
Newest first.
Negotiations with the Council 3 steps
7 July 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
17 June 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
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”).
Plenary stage 2 steps
21 May 2026
Plenary vote
8 May 2026
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 4 steps
5 May 2026
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
6 January 2026
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
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.
8 September 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.
Official record: Legislative Observatory, 2025/0826(COD)