Procedure

Certain aspects of the minimum requirement for own funds and eligible liabilities

2023/0113(COD)·9th term·ECON·COD - Ordinary legislative procedure (ex-codecision procedure)·CompletedProcedure completed

Subjects: Securities and financial markets, stock exchange, CIUTS, investments · Banks and credit · Financial services, financial reporting and auditing · Financial supervision

Rapporteur (the Member appointed to lead Parliament's work on this text): FERNÁNDEZ Jonás (S&D)

Summary

A legislative dossier on certain aspects of the minimum requirement for own funds and eligible liabilities (MREL). The amendments concern resolution authorities setting internal MREL on a consolidated basis for resolution groups, the treatment of 'liquidation entities' wound up under normal insolvency proceedings and limiting their MREL to the amount sufficient to absorb losses, the definition of liquidation entity, and deduction rules for holdings issued by subsidiaries.

Procedure timeline

Committee amendments tabled
3 Oct 2023
Plenary vote — Adopted
27 Feb 2024 · On the provisional agreement negotiated with the Council (the trilogue deal) — amendment 2
Procedure completed

Amendments

distinct, in window

Members

tabled at least one

Committee(s)

3 Oct 2023

Dates

Plenary votes

1 roll-call votes

In plenary, Parliament usually votes in steps: first on amendments to the text (sometimes split into parts, so Members can accept one half of a sentence and reject the other), then on the text as a whole. The “main vote” is the one that adopts or rejects the text itself. Each vote below shows exactly which step it was. How voting works →

27 Feb 2024Main voteAdopted
On the provisional agreement negotiated with the Council (the trilogue deal) — amendment 2
Official label: Accord provisoire - Am 2 · what was voted ↗
485 for35 against104 abstentions81 did not vote
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