Key legislative files ahead of the last European Parliament Plenary Session

From 23 to 25 April, the last European Parliament Plenary before the end of the mandate will take place in Strasbourg, France. As it is the last window of opportunity for adopting any legislative text ahead of the EU elections, this appointment has been traditionally characterised by an abounding agenda. This Plenary will be no exception.

The legislative files to be voted throughout the Plenary will fall under two categories.

Files that require final endorsement

The first covers files that require final endorsement from the Parliament in order to be officially adopted by the Council and subsequently be published on the Official Journal of the EU (OJEU). Following the publication in the OJEU, they will enter into force shortly after. Several crucial votes of this sort are scheduled, such as the ones on the Banking package (CRR / CRD), the Corporate Sustainability Due Diligence Directive (CSDDD), Solvency II, the framework for the recovery and resolution of insurance and reinsurance undertakings (IRRD), and the Anti-Money Laundering package (AML). Votes on ESG ratings and EMIR texts will also be held.

Files for which a negotiating mandate must be endorsed

A second category comprises those legislative files for which a negotiating mandate on behalf of the Parliament must be endorsed, ahead of the inter-institutional negotiations with the Council. Notably, a position on these texts had been formulated by the ECON Committee of the Parliament in its final reports. However, prior to the start of the inter-institutional negotiations, such reports usually require a further Plenary confirmation. It is the case of the Retail Investment Strategy (RIS), whose report adoption at the ECON Committee was challenged by the S&D group. Similar votes will be held for the payments package (PSD/R), the benchmarks regulation (BMR), and the reform of bank crisis management and deposit insurance framework (CMDI).

The ABBL will closely monitor the outcomes of each vote over the three-day Plenary, and inform its members.

More information? Contact Antoine Kremer, Head of European Affairs at the ABBL

Contact Antoine Kremer, Head of European Affairs at the ABBL