2025/0381(COD)
Banks and financial markets: settlement finality in payment and securities settlement systems
Basic information
2025/0381(COD)
COD - Ordinary legislative procedure (ex-codecision procedure)
Regulation
Repealing Directive 98/26
1996/0126(COD)
Amending Directive 2002/47
2001/0086(COD)
Subject
2.50.03 Securities and financial markets, stock exchange, CIUTS, investments
2.50.04.02 Electronic money and payments, cross-border credit transfers
2.50.10 Financial supervision
Legislative priorities
Status
Awaiting committee decision
Key players
-
European Parliament
Committee responsible Rapporteur Appointed CROSETTO Giovanni (ECR)
21/01/2026
Committee for opinion Rapporteur for opinion Appointed JURIThe committee decided not to give an opinion. Committee for budgetary assessment Rapporteur for budgetary assessment Appointed BUDGThe committee decided not to give an opinion. -
European Commission
Commission DG Commissioner Financial Stability, Financial Services and Capital Markets Union ALBUQUERQUE Maria Luís
Key events
| Date | Event | Reference | Summary |
|---|---|---|---|
| 04/12/2025 | Legislative proposal published | COM(2025)0941 | |
| 12/02/2026 | Committee referral announced in Parliament, 1st reading |
Technical information
| Procedure reference | 2025/0381(COD) |
|---|---|
| Procedure type | COD - Ordinary legislative procedure (ex-codecision procedure) |
| Procedure subtype | Legislation |
| Legislative instrument | Regulation |
| Amendments and repeals |
Repealing Directive 98/26
1996/0126(COD)
Amending Directive 2002/47 2001/0086(COD) |
| Legal basis | Rules of Procedure EP 58 Treaty on the Functioning of the European Union TFEU 114 |
| Mandatory consultation of other institutions | European Economic and Social Committee |
| Stage reached in procedure | Awaiting committee decision |
| Committee dossier |
ECON/10/04673
|
Documentation gateway
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Document type Reference Date Summary Legislative proposal COM(2025)0941 04/12/2025 -
Document type Parliament/Chamber Reference Date Summary Reasoned opinion CZ_CHAMBER PE785.272 04/03/2026 Contribution CZ_SENATE COM(2025)0941 27/03/2026 Contribution PT_PARLIAMENT COM(2025)0941 07/04/2026 Contribution IT_SENATE COM(2025)0941 13/04/2026
Additional information
Transparency
Meetings with interest representatives published in line with the Rules of Procedure
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Name Role Committee Date Interest representatives CROSETTO Giovanni Rapporteur ECON 12/03/2026 FEDERCASSE - Federazione Italiana delle Banche di Credito Cooperativo Casse Rurali e Artigiane