1996/0126(COD) | [ParlTrack]

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1996/0126(COD) Banks: settlement finality in payment and securities settlement systems

Progress: Procedure completed

Role	Committee	Rapporteur
Lead	JURI	LEHNE Klaus-Heiner ( PPE)
Former Responsible Committee	JURI	LEHNE Klaus-Heiner ( PPE)
Former Committee Opinion	ECON	KATIFORIS Giorgos ( PES)

Lead committee dossier:

JURI/4/09393

Legal Basis:

EC before Amsterdam E 100A

Subjects

2.50.04.02 Electronic money and payments, cross-border credit transfers

Events

2005/12/15

EC - Follow-up document

Details

This is an evaluation report on the Settlement Finality Directive 1998/26/EC (SFD) which entered into force in 1999. At the time of its adoption the SFD applied to the fifteen EU Member States. Later, it was extended to the ten new Member States. It also applies to the EEA States, Norway, Iceland and Liechtenstein. The main objectives of the evaluation report are firstly, to analyse the process by which the SFD has been implemented and secondly, to identify a list of potentially problematic issues that could become the subject of future revision. It is not the purposes of this report to present any amendments to the existing Directive. This may follow at a later date, in which case any amendments may be based on this report’s conclusions. In addition any proposed amendments would be subject to an impact assessment report. The report’s findings are based on information provided to the Commission by the Member States and the European Central Bank. Having analysed and assessed the information received the Commission draws three conclusions.

Firstly, the SFD is functioning well and the Member States show a high level of satisfaction vis-à-vis its application.

Secondly, there is some need for clarifications, improvements, better definitions and, in certain cases, simplification.

Thirdly, the Commission will begin a dialogue with both the Member States and the ECB in the course of 2006 and within the framework of the “European Securities Committee” the purpose of which will be to identify which issues should become the subject of future amendments to the Directive. The dialogue will take account of payment and securities settlements systems. The Commission suggests that it may propose legal instruments to increase the efficiency and safety of clearing and settlement services during 2006. Lastly, the Commission notes that the proposal for the Community’s signature to the Hague Securities Convention may need to be taken into account.

Documents

COM(2005)0657
EUR-Lex

1998/06/11

Final act published in Official Journal

Documents

Directive 1998/26
OJ L 166 11.06.1998, p. 0045

1998/05/19

CSL - Final act signed

1998/05/19

EP - End of procedure in Parliament

1998/04/27

CSL - Act approved by Council, 2nd reading

1998/04/27

CSL - Council Meeting

1998/03/13

EC - Commission opinion on Parliament's position at 2nd reading

Documents

EUR-Lex
COM(1998)0151

1998/01/29

EP - Text adopted by Parliament, 2nd reading

Documents

OJ C 056 23.02.1998, p. 0012-0027
T4-0052/1998

1998/01/29

EP - Decision by Parliament, 2nd reading

Documents

T4-0052/1998

1998/01/28

EP - Debate in Parliament

Details

Welcoming the fact that the Council’s common position represented an improvement on the initial proposal, the rapporteur highlighted the problems still to be resolved: identification of the point in time when transfer orders and settlements would cease to apply and become void, and removal of the option for countries to protect their national systems by adopting stricter rules. Commissioner Monti expressed his approval of the solutions envisaged by Parliament’s new amendments on the two points in question. He was also in favour of establishing a higher level of transparency in favour of the sender of a payment or transaction concerning securities (Amendment No 2, third paragraph).

Documents

Debate in Parliament

1998/01/05

EP - Committee recommendation tabled for plenary, 2nd reading

Documents

A4-0005/1998
OJ C 034 02.02.1998, p. 0004

1998/01/05

EP - Vote in committee, 2nd reading

1998/01/05

EP - Committee recommendation tabled for plenary, 2nd reading

Documents

A4-0005/1998

1997/12/17

EP - Amendments tabled in committee

Documents

PE224.456/AM

1997/11/21

EP - Committee draft report

Documents

PE224.456

1997/10/23

EP - Committee referral announced in Parliament, 2nd reading

1997/10/16

EC - Commission communication on Council's position

Documents

EUR-Lex
SEC(1997)1844

1997/10/13

CSL - Council position

Documents

09962/1/1997
OJ C 375 10.12.1997, p. 0034

1997/10/13

CSL - Council position published

Documents

09962/1/1997

1997/10/13

CSL - Council Meeting

1997/07/04

EC - Modified legislative proposal

Documents

EUR-Lex
OJ C 259 26.08.1997, p. 0006
COM(1997)0345

1997/07/04

EC - Modified legislative proposal published

Documents

EUR-Lex
COM(1997)0345

1997/06/09

CSL - Council Meeting

1997/04/09

EP - Text adopted by Parliament, 1st reading/single reading

Documents

OJ C 132 28.04.1997, p. 0067-0074
T4-0142/1997

1997/04/09

EP - Decision by Parliament, 1st reading/single reading

Documents

T4-0142/1997

1997/04/08

EP - Debate in Parliament

Documents

Debate in Parliament

1997/03/19

EP - Committee report tabled for plenary, 1st reading/single reading

Documents

A4-0097/1997
OJ C 132 28.04.1997, p. 0005

1997/03/19

EP - Vote in committee, 1st reading/single reading

1997/03/19

EP - Committee report tabled for plenary, 1st reading/single reading

Documents

A4-0097/1997

1997/02/26

EP - Committee opinion

Documents

PE220.809/DEF

1997/02/21

EP - Amendments tabled in committee

Documents

PE219.603/AM1

1997/02/21

EP - Amendments tabled in committee

Documents

PE219.603/AM2

1997/01/30

EP - Committee draft report

Documents

PE219.603

1996/11/28

EP - Former Committee Opinion

1996/10/31

ESC - Economic and Social Committee: opinion, report

Documents

CES1254/1996
OJ C 056 24.02.1997, p. 0001

1996/09/25

EP - Responsible Committee

1996/09/25

EP - Former Responsible Committee

1996/06/17

EP - Committee referral announced in Parliament, 1st reading/single reading

1996/05/30

EC - Legislative proposal

Documents

EUR-Lex
OJ C 207 18.07.1996, p. 0013
COM(1996)0193

1996/05/30

EC - Legislative proposal published

Documents

EUR-Lex
COM(1996)0193

Documents

Follow-up document: COM(2005)0657
Follow-up document: EUR-Lex
Final act published in Official Journal: Directive 1998/26
Final act published in Official Journal: OJ L 166 11.06.1998, p. 0045
Commission opinion on Parliament's position at 2nd reading: EUR-Lex
Commission opinion on Parliament's position at 2nd reading: COM(1998)0151
Text adopted by Parliament, 2nd reading: OJ C 056 23.02.1998, p. 0012-0027
Text adopted by Parliament, 2nd reading: T4-0052/1998
Decision by Parliament, 2nd reading: T4-0052/1998
Debate in Parliament: Debate in Parliament
Committee recommendation tabled for plenary, 2nd reading: A4-0005/1998
Committee recommendation tabled for plenary, 2nd reading: OJ C 034 02.02.1998, p. 0004
Committee recommendation tabled for plenary, 2nd reading: A4-0005/1998
Amendments tabled in committee: PE224.456/AM
Committee draft report: PE224.456
Commission communication on Council's position: EUR-Lex
Commission communication on Council's position: SEC(1997)1844
Council position: 09962/1/1997
Council position: OJ C 375 10.12.1997, p. 0034
Council position published: 09962/1/1997
Modified legislative proposal: EUR-Lex
Modified legislative proposal: OJ C 259 26.08.1997, p. 0006
Modified legislative proposal: COM(1997)0345
Modified legislative proposal published: EUR-Lex
Modified legislative proposal published: COM(1997)0345
Text adopted by Parliament, 1st reading/single reading: OJ C 132 28.04.1997, p. 0067-0074
Text adopted by Parliament, 1st reading/single reading: T4-0142/1997
Decision by Parliament, 1st reading/single reading: T4-0142/1997
Debate in Parliament: Debate in Parliament
Committee report tabled for plenary, 1st reading/single reading: A4-0097/1997
Committee report tabled for plenary, 1st reading/single reading: OJ C 132 28.04.1997, p. 0005
Committee report tabled for plenary, 1st reading/single reading: A4-0097/1997
Committee opinion: PE220.809/DEF
Amendments tabled in committee: PE219.603/AM1
Amendments tabled in committee: PE219.603/AM2
Committee draft report: PE219.603
Economic and Social Committee: opinion, report: CES1254/1996
Economic and Social Committee: opinion, report: OJ C 056 24.02.1997, p. 0001
Legislative proposal: EUR-Lex
Legislative proposal: OJ C 207 18.07.1996, p. 0013
Legislative proposal: COM(1996)0193
Legislative proposal published: EUR-Lex
Legislative proposal published: COM(1996)0193
Legislative proposal: EUR-Lex OJ C 207 18.07.1996, p. 0013 COM(1996)0193
Economic and Social Committee: opinion, report: CES1254/1996 OJ C 056 24.02.1997, p. 0001
Committee draft report: PE219.603
Amendments tabled in committee: PE219.603/AM1
Amendments tabled in committee: PE219.603/AM2
Committee opinion: PE220.809/DEF
Committee report tabled for plenary, 1st reading/single reading: A4-0097/1997 OJ C 132 28.04.1997, p. 0005
Text adopted by Parliament, 1st reading/single reading: OJ C 132 28.04.1997, p. 0067-0074 T4-0142/1997
Modified legislative proposal: EUR-Lex OJ C 259 26.08.1997, p. 0006 COM(1997)0345
Council position: 09962/1/1997 OJ C 375 10.12.1997, p. 0034
Commission communication on Council's position: EUR-Lex SEC(1997)1844
Committee draft report: PE224.456
Amendments tabled in committee: PE224.456/AM
Committee recommendation tabled for plenary, 2nd reading: A4-0005/1998 OJ C 034 02.02.1998, p. 0004
Text adopted by Parliament, 2nd reading: OJ C 056 23.02.1998, p. 0012-0027 T4-0052/1998
Commission opinion on Parliament's position at 2nd reading: EUR-Lex COM(1998)0151
Follow-up document: COM(2005)0657 EUR-Lex

History

(these mark the time of scraping, not the official date of the change)

2020-01-19Show (14) Changes | Timetravel

committees/0	type Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI rapporteur name: LEHNE Klaus-Heiner date: 1996-09-25T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/0	type Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI date 1996-09-25T00:00:00 rapporteur name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) abbr: PPE
committees/1	type Former Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI rapporteur name: LEHNE Klaus-Heiner date: 1996-09-25T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/1	type Former Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI date 1996-09-25T00:00:00 rapporteur name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) abbr: PPE
committees/2	type Former Committee Opinion body EP associated False committee_full Economic and Monetary Affairs, Industrial Policy committee ECON rapporteur name: KATIFORIS Giorgos date: 1996-11-28T00:00:00 group: Party of European Socialists abbr: PES
committees/2	type Former Committee Opinion body EP associated False committee_full Economic and Monetary Affairs, Industrial Policy committee ECON date 1996-11-28T00:00:00 rapporteur name: KATIFORIS Giorgos group: Party of European Socialists abbr: PES
docs/0/docs/1/url	Old https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1996:207:SOM:EN:HTML New https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1996:207:TOC
docs/6	date 1997-03-19T00:00:00 docs url: http://www.europarl.europa.eu/doceo/document/A-4-1997-0097_EN.html title: A4-0097/1997 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:132:TOC title: OJ C 132 28.04.1997, p. 0005 type Committee report tabled for plenary, 1st reading/single reading body EP
docs/6	date 1997-03-19T00:00:00 docs url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN title: A4-0097/1997 url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:132:SOM:EN:HTML title: OJ C 132 28.04.1997, p. 0005 type Committee report tabled for plenary, 1st reading/single reading body EP
docs/9/docs/1/url	Old https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:375:SOM:EN:HTML New https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:375:TOC
docs/13/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN New http://www.europarl.europa.eu/doceo/document/A-4-1998-0005_EN.html
events/3/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN New http://www.europarl.europa.eu/doceo/document/A-4-1997-0097_EN.html
events/10/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN New http://www.europarl.europa.eu/doceo/document/A-4-1998-0005_EN.html
events/16/docs/1/url	Old https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:1998:166:TOC New https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1998:166:SOM:EN:HTML

2019-07-12Show (2) Changes | Timetravel

docs/6/docs/1/url	Old https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:132:TOC New https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:132:SOM:EN:HTML
docs/9/docs/1/url	Old https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:375:TOC New https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:375:SOM:EN:HTML

2019-07-06Show (17) Changes | Timetravel

activities	date: 1996-05-30T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1996&nu_doc=193 title: COM(1996)0193 type: Legislative proposal published celexid: CELEX:51996PC0193:EN body: EC commission: type: Legislative proposal published date: 1996-06-17T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee: ECON date: 1996-11-28T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner body: EP committees: body: EP responsible: False committee: ECON date: 1996-11-28T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A4-0097/1997 date: 1997-03-19T00:00:00 type: Vote in committee, 1st reading/single reading date: 1997-04-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19970408&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 1997-04-09T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0142/1997 body: EP type: Decision by Parliament, 1st reading/single reading date: 1997-06-09T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2014 date: 1997-07-04T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1997&nu_doc=345 title: COM(1997)0345 type: Modified legislative proposal published celexid: CELEX:51997PC0345:EN body: EC commission: type: Modified legislative proposal published body: CSL meeting_id: 2032 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9962%2F97&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC type: Council position published title: 09962/1/1997 council: Economic and Financial Affairs ECOFIN date: 1997-10-13T00:00:00 type: Council Meeting date: 1997-10-23T00:00:00 body: EP type: Committee referral announced in Parliament, 2nd reading committees: body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner body: EP committees: body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN type: Committee recommendation tabled for plenary, 2nd reading title: A4-0005/1998 date: 1998-01-05T00:00:00 type: Vote in committee, 2nd reading date: 1998-01-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19980128&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 1998-01-29T00:00:00 docs: type: Decision by Parliament, 2nd reading title: T4-0052/1998 body: EP type: Decision by Parliament, 2nd reading date: 1998-04-27T00:00:00 body: CSL type: Council Meeting council: General Affairs meeting_id: 2085 date: 1998-05-19T00:00:00 body: CSL type: Final act signed date: 1998-05-19T00:00:00 body: EP type: End of procedure in Parliament date: 1998-06-11T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026 title: Directive 1998/26 url: http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1998:166:SOM:EN:HTML title: OJ L 166 11.06.1998, p. 0045
committees/0	type Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI date 1996-09-25T00:00:00 rapporteur name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) abbr: PPE
committees/0	body EP responsible False committee ECON date 1996-11-28T00:00:00 committee_full Economic and Monetary Affairs, Industrial Policy rapporteur group: PSE name: KATIFORIS Giorgos
committees/1	type Former Responsible Committee body EP associated False committee_full Legal Affairs, Citizens' Rights committee JURI date 1996-09-25T00:00:00 rapporteur name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) abbr: PPE
committees/1	body EP responsible True committee JURI date 1996-09-25T00:00:00 committee_full Legal Affairs, Citizens' Rights rapporteur group: PPE name: LEHNE Klaus-Heiner
committees/2	type Former Committee Opinion body EP associated False committee_full Economic and Monetary Affairs, Industrial Policy committee ECON date 1996-11-28T00:00:00 rapporteur name: KATIFORIS Giorgos group: Party of European Socialists abbr: PES
council	body: CSL type: Council Meeting council: General Affairs meeting_id: 2085 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2085&MEET_DATE=27/04/1998 date: 1998-04-27T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2032 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2032&MEET_DATE=13/10/1997 date: 1997-10-13T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2014 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2014*&MEET_DATE=09/06/1997 date: 1997-06-09T00:00:00
docs	date: 1996-05-30T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1996&nu_doc=193 title: EUR-Lex url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1996:207:SOM:EN:HTML title: OJ C 207 18.07.1996, p. 0013 title: COM(1996)0193 summary: type: Legislative proposal body: EC date: 1996-10-31T00:00:00 docs: url: https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:1254)(documentyear:1996)(documentlanguage:EN) title: CES1254/1996 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:056:TOC title: OJ C 056 24.02.1997, p. 0001 summary: type: Economic and Social Committee: opinion, report body: ESC date: 1997-01-30T00:00:00 docs: title: PE219.603 type: Committee draft report body: EP date: 1997-02-21T00:00:00 docs: title: PE219.603/AM1 type: Amendments tabled in committee body: EP date: 1997-02-21T00:00:00 docs: title: PE219.603/AM2 type: Amendments tabled in committee body: EP date: 1997-02-26T00:00:00 docs: title: PE220.809/DEF committee: ECON type: Committee opinion body: EP date: 1997-03-19T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN title: A4-0097/1997 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:132:TOC title: OJ C 132 28.04.1997, p. 0005 type: Committee report tabled for plenary, 1st reading/single reading body: EP date: 1997-04-09T00:00:00 docs: url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:132:SOM:EN:HTML title: OJ C 132 28.04.1997, p. 0067-0074 title: T4-0142/1997 summary: type: Text adopted by Parliament, 1st reading/single reading body: EP date: 1997-07-04T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1997&nu_doc=345 title: EUR-Lex url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1997:259:SOM:EN:HTML title: OJ C 259 26.08.1997, p. 0006 title: COM(1997)0345 summary: type: Modified legislative proposal body: EC date: 1997-10-13T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9962%2F97&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 09962/1/1997 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1997:375:TOC title: OJ C 375 10.12.1997, p. 0034 summary: type: Council position body: CSL date: 1997-10-16T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=SECfinal&an_doc=1997&nu_doc=1844 title: EUR-Lex title: SEC(1997)1844 summary: type: Commission communication on Council's position body: EC date: 1997-11-21T00:00:00 docs: title: PE224.456 type: Committee draft report body: EP date: 1997-12-17T00:00:00 docs: title: PE224.456/AM type: Amendments tabled in committee body: EP date: 1998-01-05T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN title: A4-0005/1998 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1998:034:TOC title: OJ C 034 02.02.1998, p. 0004 type: Committee recommendation tabled for plenary, 2nd reading body: EP date: 1998-01-29T00:00:00 docs: url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1998:056:TOC title: OJ C 056 23.02.1998, p. 0012-0027 title: T4-0052/1998 summary: type: Text adopted by Parliament, 2nd reading body: EP date: 1998-03-13T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1998&nu_doc=151 title: EUR-Lex title: COM(1998)0151 summary: type: Commission opinion on Parliament's position at 2nd reading body: EC date: 2005-12-15T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2005/0657/COM_COM(2005)0657(COR1)_EN.pdf title: COM(2005)0657 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2005&nu_doc=657 title: EUR-Lex summary: This is an evaluation report on the Settlement Finality Directive 1998/26/EC (SFD) which entered into force in 1999. At the time of its adoption the SFD applied to the fifteen EU Member States. Later, it was extended to the ten new Member States. It also applies to the EEA States, Norway, Iceland and Liechtenstein. The main objectives of the evaluation report are firstly, to analyse the process by which the SFD has been implemented and secondly, to identify a list of potentially problematic issues that could become the subject of future revision. It is not the purposes of this report to present any amendments to the existing Directive. This may follow at a later date, in which case any amendments may be based on this report’s conclusions. In addition any proposed amendments would be subject to an impact assessment report. The report’s findings are based on information provided to the Commission by the Member States and the European Central Bank. Having analysed and assessed the information received the Commission draws three conclusions. Firstly, the SFD is functioning well and the Member States show a high level of satisfaction vis-à-vis its application. Secondly, there is some need for clarifications, improvements, better definitions and, in certain cases, simplification. Thirdly, the Commission will begin a dialogue with both the Member States and the ECB in the course of 2006 and within the framework of the “European Securities Committee” the purpose of which will be to identify which issues should become the subject of future amendments to the Directive. The dialogue will take account of payment and securities settlements systems. The Commission suggests that it may propose legal instruments to increase the efficiency and safety of clearing and settlement services during 2006. Lastly, the Commission notes that the proposal for the Community’s signature to the Hague Securities Convention may need to be taken into account. type: Follow-up document body: EC
events	date: 1996-05-30T00:00:00 type: Legislative proposal published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1996&nu_doc=193 title: EUR-Lex title: COM(1996)0193 summary: date: 1996-06-17T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP date: 1997-03-19T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: date: 1997-03-19T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN title: A4-0097/1997 date: 1997-04-08T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19970408&type=CRE title: Debate in Parliament date: 1997-04-09T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: title: T4-0142/1997 summary: date: 1997-07-04T00:00:00 type: Modified legislative proposal published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1997&nu_doc=345 title: EUR-Lex title: COM(1997)0345 summary: date: 1997-10-13T00:00:00 type: Council position published body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9962%2F97&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 09962/1/1997 summary: date: 1997-10-23T00:00:00 type: Committee referral announced in Parliament, 2nd reading body: EP date: 1998-01-05T00:00:00 type: Vote in committee, 2nd reading body: EP summary: date: 1998-01-05T00:00:00 type: Committee recommendation tabled for plenary, 2nd reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN title: A4-0005/1998 date: 1998-01-28T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19980128&type=CRE title: Debate in Parliament summary: Welcoming the fact that the Council’s common position represented an improvement on the initial proposal, the rapporteur highlighted the problems still to be resolved: identification of the point in time when transfer orders and settlements would cease to apply and become void, and removal of the option for countries to protect their national systems by adopting stricter rules. Commissioner Monti expressed his approval of the solutions envisaged by Parliament’s new amendments on the two points in question. He was also in favour of establishing a higher level of transparency in favour of the sender of a payment or transaction concerning securities (Amendment No 2, third paragraph). date: 1998-01-29T00:00:00 type: Decision by Parliament, 2nd reading body: EP docs: title: T4-0052/1998 summary: date: 1998-04-27T00:00:00 type: Act approved by Council, 2nd reading body: CSL date: 1998-05-19T00:00:00 type: Final act signed body: CSL date: 1998-05-19T00:00:00 type: End of procedure in Parliament body: EP date: 1998-06-11T00:00:00 type: Final act published in Official Journal docs: title: Directive 1998/26 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026 title: OJ L 166 11.06.1998, p. 0045 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:1998:166:TOC
other	body: CSL type: Council Meeting council: Former Council configuration
procedure/dossier_of_the_committee	Old JURI/4/09393 New JURI/4/09393
procedure/final/url	Old http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026 New https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026
procedure/instrument	Old Directive New Directive Amended by 2008/0082(COD) Amended by 2009/0161(COD) Amended by 2010/0250(COD) Amended by 2012/0029(COD) Amended by 2016/0362(COD)
procedure/legal_basis/0	EC before Amsterdam E 100A
procedure/legal_basis/0	EC before Amsterdam E 100
procedure/subject	Old 2.50.04.02 Electronic money and payments, cross-border credit transfers New 2.50.04.02 Electronic money and payments, cross-border credit transfers
procedure/summary	Amended by Amended by Amended by Amended by

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activities	date: 1996-05-30T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1996&nu_doc=193 celexid: CELEX:51996PC0193:EN type: Legislative proposal published title: COM(1996)0193 type: Legislative proposal published body: EC commission: date: 1996-06-17T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee: ECON date: 1996-11-28T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner body: EP committees: body: EP responsible: False committee: ECON date: 1996-11-28T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1997-97&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A4-0097/1997 date: 1997-03-19T00:00:00 type: Vote in committee, 1st reading/single reading date: 1997-04-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19970408&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 1997-04-09T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0142/1997 body: EP type: Decision by Parliament, 1st reading/single reading date: 1997-06-09T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2014 date: 1997-07-04T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1997&nu_doc=345 celexid: CELEX:51997PC0345:EN type: Modified legislative proposal published title: COM(1997)0345 type: Modified legislative proposal published body: EC commission: body: CSL meeting_id: 2032 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9962%2F97&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC type: Council position published title: 09962/1/1997 council: Economic and Financial Affairs ECOFIN date: 1997-10-13T00:00:00 type: Council Meeting date: 1997-10-23T00:00:00 body: EP type: Committee referral announced in Parliament, 2nd reading committees: body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner body: EP committees: body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1998-5&language=EN type: Committee recommendation tabled for plenary, 2nd reading title: A4-0005/1998 date: 1998-01-05T00:00:00 type: Vote in committee, 2nd reading date: 1998-01-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19980128&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 1998-01-29T00:00:00 docs: type: Decision by Parliament, 2nd reading title: T4-0052/1998 body: EP type: Decision by Parliament, 2nd reading date: 1998-04-27T00:00:00 body: CSL type: Council Meeting council: General Affairs meeting_id: 2085 date: 1998-05-19T00:00:00 body: CSL type: Final act signed date: 1998-05-19T00:00:00 body: EP type: End of procedure in Parliament date: 1998-06-11T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026 title: Directive 1998/26 url: http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1998:166:SOM:EN:HTML title: OJ L 166 11.06.1998, p. 0045
committees	body: EP responsible: False committee: ECON date: 1996-11-28T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos body: EP responsible: True committee: JURI date: 1996-09-25T00:00:00 committee_full: Legal Affairs, Citizens' Rights rapporteur: group: PPE name: LEHNE Klaus-Heiner
links	European Commission url: http://ec.europa.eu/prelex/liste_resultats.cfm?CL=en&ReqId=0&DocType=COD&DocYear=1996&DocNum=0126 title: PreLex
other	body: CSL type: Council Meeting council: Former Council configuration
procedure	dossier_of_the_committee JURI/4/09393 reference 1996/0126(COD) instrument Directive legal_basis EC before Amsterdam E 100 stage_reached Procedure completed summary Amended by Amended by Amended by Amended by subtype Legislation title Banks: settlement finality in payment and securities settlement systems type COD - Ordinary legislative procedure (ex-codecision procedure) final url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31998L0026 title: Directive 1998/26 subject 2.50.04.02 Electronic money and payments, cross-border credit transfers

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