Securities and Claims

Published 06.12.2019

State of play: legislative phase

Level 1

Commission

  • 12 March 2018, the Commission published its proposal on the law applicable to third-party effects of assignments of claims.

Parliament

  • 3 May 2018, the JURI Committee published the draft report on the proposal.
  • 4 June 2018, the JURI Committee published the tabled amendments.
  • 10 July 2018, the JURI Committee adopted the report decided to start inter-institutional negotiations.
  • 17 July 2018, the report was tabled for plenary.
  • 13 February 2019, the Parliament adopted the report in plenary
  • 11 July 2019, the European Economic and Social Committee adopted its opinion on the Commission proposal.

Council

  • 23 November 2018, the Council published a progress report on the proposal, concluding that, due to the complexity and far-reaching implications of the proposal, more work will be required to agree on the necessary amendments.
  • 23 January 2019, the Romanian Presidency of the Council put forward proposals for a compromise.
  • 28 March 2019, another presidency text was published.

Next steps

  • Agreement in the Council.
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