2025/0382(COD)
Amending certain Directives as regards the further development of capital market integration and supervision within the Union
Basic information
2025/0382(COD)
COD - Ordinary legislative procedure (ex-codecision procedure)
Directive
Amending Directive 2009/65
2008/0153(COD)
Amending Directive 2011/61
2009/0064(COD)
Amending Directive 2014/65
2011/0298(COD)
Subject
2.50.03 Securities and financial markets, stock exchange, CIUTS, investments
5.05 Economic growth
Legislative priorities
Status
Awaiting committee decision
Key players
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European Parliament
Committee responsible Rapporteur Appointed HEINÄLUOMA Eero (S&D)
27/01/2026
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)0942 | |
| 19/01/2026 | Committee referral announced in Parliament, 1st reading |
Technical information
| Procedure reference | 2025/0382(COD) |
|---|---|
| Procedure type | COD - Ordinary legislative procedure (ex-codecision procedure) |
| Procedure subtype | Legislation |
| Legislative instrument | Directive |
| Amendments and repeals |
Amending Directive 2009/65
2008/0153(COD)
Amending Directive 2011/61 2009/0064(COD) Amending Directive 2014/65 2011/0298(COD) |
| Legal basis | Rules of Procedure EP 58 Treaty on the Functioning of the European Union TFEU 053-p1 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/10/04669
|
Documentation gateway
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Document type Reference Date Summary Legislative proposal COM(2025)0942 04/12/2025 -
Document type Parliament/Chamber Reference Date Summary Reasoned opinion CZ_CHAMBER PE785.276 04/03/2026 Contribution PT_PARLIAMENT COM(2025)0942 16/03/2026 Reasoned opinion IT_CHAMBER PE786.662 24/03/2026 Contribution CZ_SENATE COM(2025)0942 27/03/2026 Contribution IT_SENATE COM(2025)0942 13/04/2026 Reasoned opinion IT_SENATE PE787.719 19/05/2026 -
Institution/body Document type Reference Date Summary ECB European Central Bank: opinion, guideline, report CON/2026/0013 OJ OJ C 28.05.2026 09/04/2026
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 HEINÄLUOMA Eero Rapporteur ECON 13/07/2026 Permanent Representation of the Netherlands to the EU HEINÄLUOMA Eero Rapporteur ECON 03/07/2026 Permanent Representation of Germany to the EU HEINÄLUOMA Eero Rapporteur ECON 02/07/2026 Permanent Representation of Malta to the EU HEINÄLUOMA Eero Rapporteur ECON 02/07/2026 Party of European Socialists (PES) HEINÄLUOMA Eero Rapporteur ECON 01/07/2026 Kangaroo Group HEINÄLUOMA Eero Rapporteur ECON 01/07/2026 European Parliamentary Financial Services Forum HEINÄLUOMA Eero Rapporteur ECON 01/07/2026 Natixis Investment Managers KELLEHER Billy Shadow rapporteur ECON 29/06/2026 Managed Funds Association HEINÄLUOMA Eero Rapporteur ECON 25/06/2026 Tether Operations HEINÄLUOMA Eero Rapporteur ECON 24/06/2026 Irish Funds Industry Association CLG
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Name Date Interest representatives ANGEL Marc 14/07/2026 Association Luxembourgeoise des Fonds d'Investissement
Association des Banques et Banquiers, LuxembourgKEMP Martine 07/07/2026 Association Luxembourgeoise des Fonds d'Investissement
Association des Banques et Banquiers, LuxembourgHADJIPANTELA Michalis 27/05/2026 Association for Financial Markets in Europe WOLTERS Lara 26/05/2026 Optiver WOLTERS Lara 26/05/2026 Cboe Clear Europe N.V. WOLTERS Lara 26/05/2026 ABN AMRO Clearing Bank N.V. WOLTERS Lara 26/05/2026 De Nederlandsche Bank GYŐRI Enikő 19/05/2026 ICI Global WOLTERS Lara 06/02/2026 Euroclear SA/NV ZIJLSTRA Auke 15/01/2026 ABN AMRO Clearing Bank N.V.