The European Commission continues to add to the EU financial services legislative pipeline but progress is slow on agreeing existing proposals.
So far, the 2019-24 Commission has proposed 37 legislative acts on financial services and cross-cutting issues particularly relevant to financial services, of which the European Parliament and the Council have only agreed the text of eleven acts. The Parliament and the Council continue to work to agree the remaining 26 proposals and the Commission has scheduled eight additional proposals for the first half of 2023. Work to agree proposals in the pipeline will intensify in the lead up to the Parliament elections in mid-2024 and the new Commission taking office in October 2024.
This briefing provides an overview of the existing and scheduled legislative proposals by the current Commission on financial services and related cross-cutting issues, indicating where the Parliament and the Council have already reached agreement on a proposal and where work will continue towards agreement during the remaining part of the Commission's term.