Negotiations ahead of Parliament’s first reading (Rule 71)

EP Position

The committees responsible decided to enter into interinstitutional negotiations pursuant to Rule 71 on the basis of three reports: an ECON report on modernising the key information document, an ECON report on amending Union retail investor protection rules, and a joint LIBE and FEMM report on amending the directive on victims of crime. Rapporteurs named in the minutes include Stéphanie Yon-Courtin for the ECON files and Javier Zarzalejos and María Soraya Rodríguez Ramos for the LIBE/FEMM file.

Key Trade Point

The most directly trade-relevant outcome is that the ECON committee endorsed opening negotiations on two legislative proposals affecting financial services: one to modernise the key information document and one to amend several directives governing retail investor protection. These files aim to alter the regulatory framework that applies to retail financial products and investor-facing information.

What Comes Next

In accordance with Rule 71(2), requests to put the decision to enter negotiations to the vote could be submitted until midnight the following day and negotiations could start after that deadline if no such request was made.