# Banks and financial markets: settlement finality in payment and securities settlement systems; financial collateral arrangements as regards linked systems and credit claims

European Parliament procedure 2008/0082(COD) (COD - Ordinary legislative procedure (ex-codecision procedure), 6th term, committee ECON / JURI). Stage: Procedure completed. 30 committee amendments tabled by 7 Members between 2008-09-30 and 2008-10-16.

## What the amendments focus on

This dossier concerns settlement finality in payment and securities settlement systems and financial collateral arrangements as regards linked systems and credit claims, amending existing directives. The amendments revise recitals and definitions covering interoperable systems and arrangements, the system operator and the moment of entry, revocation and irrevocability of transfer orders, perfection requirements for financial collateral, the use of credit claims as collateral and debtors' rights of set-off, and protections in insolvency proceedings.

## Most active Members on this file

| Member | Country | Group | Amendments | Markdown |
|---|---|---|---|---|
| Piia-Noora KAUPPI | Finland | PPE-DE | 14 | https://amendeu.com/md/meps/4258.md |
| Pervenche BERÈS | France | S&D | 4 | https://amendeu.com/md/meps/1985.md |
| Ieke van den BURG | Netherlands | PSE | 2 | https://amendeu.com/md/meps/4483.md |
| Gay MITCHELL | Ireland | PPE | 2 | https://amendeu.com/md/meps/28112.md |
| Sharon BOWLES | United Kingdom | ALDE | 2 | https://amendeu.com/md/meps/33570.md |
| Bilyana Ilieva RAEVA | Bulgaria | ALDE | 2 | https://amendeu.com/md/meps/38600.md |
| Gunnar HÖKMARK | Sweden | PPE | 1 | https://amendeu.com/md/meps/28124.md |

## Official source documents

- PE413.956: http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-413.956+01+DOC+PDF+V0//EN&language=EN
- PE414.352: http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-414.352+01+DOC+PDF+V0//EN&language=EN

Full amendment texts, votes and exports: https://amendeu.com/dossiers/2008-0082-COD · machine-readable: https://amendeu.com/data/dossiers/2008-0082-COD.json

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