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2017/0326(COD) European Banking Authority (EBA): location of the seat
Next event: Commission response to text adopted in plenary 2018/11/21 more...

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON KARAS Othmar (icon: PPE PPE), BERÈS Pervenche (icon: S&D S&D) LOONES Sander (icon: ECR ECR), KLINZ Wolf (icon: ALDE ALDE), PAPADIMOULIS Dimitrios (icon: GUE/NGL GUE/NGL), GIEGOLD Sven (icon: Verts/ALE Verts/ALE)
Committee Opinion AFCO CASTALDO Fabio Massimo (icon: EFDD EFDD) Elmar BROK (icon: PPE PPE), Morten MESSERSCHMIDT (icon: ECR ECR), Jasenko SELIMOVIC (icon: ALDE ALDE)
Committee Opinion JURI
Committee Opinion BUDG GEIER Jens (icon: S&D S&D) Nedzhmi ALI (icon: ALDE ALDE)
Lead committee dossier:
Legal Basis:
TFEU 114

Events

2018/11/21
   Commission response to text adopted in plenary
Documents
2018/11/16
   Final act published in Official Journal
Details

PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union.

LEGISLATIVE ACT: Regulation (EU) 2018/1717 of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority.

CONTENT: this Regulation amends Regulation (EC) No 1093/2010 in order to establish the location of the seat of the European Banking Authority (EBA) in Paris, France .

Following the United Kingdom's notification of its intention to withdraw from the Union, the other 27 Member States, meeting on 20 November 2017 in the margins of the Council, chose Paris, France, as the new seat of the EBA.

The transfer of the seat of the Authority does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the Authority.

The relocation of the Authority should not have any consequences with regard to the execution of the distinct mandates of the European Supervisory Authorities or the maintenance of their separate legal status. The relocation might allow, where applicable, for the sharing among Union agencies of administrative support services and facility management services which are not related to core activities.

By 30 March 2019 at the latest and every 12 months thereafter, the Commission shall present a report to the European Parliament and the Council on the compliance of the European Supervisory Authorities with this requirement.

Given the United Kingdom's commitment to contribute to the general budget of the Union for the financial years 2019 and 2020 as if it remained in the Union and to contribute to its share of the financing of the commitments outstanding at 31 December 2020, the costs of relocation of the seat of the Authority arising from the decision of the United Kingdom to withdraw from the Union are to be borne by all Union taxpayers through the general budget of the Union.

The United Kingdom has offered to discuss with those Union agencies that are located in London how they could reduce their withdrawal costs.

ENTRY INTO FORCE: 16.11.2018.

APPLICATION: from 30.3.2019.

2018/11/14
   CSL - Draft final act
Documents
2018/11/14
   CSL - Final act signed
2018/11/14
   EP - End of procedure in Parliament
2018/11/09
   EP/CSL - Act adopted by Council after Parliament's 1st reading
2018/11/09
   CSL - Council Meeting
2018/10/25
   EP - Results of vote in Parliament
2018/10/25
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 462 votes to 48, with 40 abstentions, a legislative resolution on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority (EBA).

The European Parliament’s position adopted at first reading under the ordinary legislative procedure amended the Commission proposal as follows:

Following the notification by the United Kingdom on 29 March 2017 of its intention to withdraw from the Union, the Commission proposed to amend Regulation (EC) No 1093/2010 in order to re locate the EBA's headquarters to Paris , France.

The amended text specifies that the location of the seat of the Authority shall not affect the Authority’s execution of its tasks and powers , the organisation of its governance structure, the operation of its main organisation, or the main financing of its activities.

The transfer of the seat of the Authority does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the Authority.

The relocation of the Authority should not have any consequences with regard to the execution of the distinct mandates of the European Supervisory Authorities or the maintenance of their separate legal status. The relocation might allow, where applicable, for the sharing among Union agencies of administrative support services and facility management services which are not related to core activities.

In its legislative resolution, Parliament stressed that the new premises should be ready and fit for the purpose of permanent relocation by 30 March 2019.

In addition, Members deplored that Parliament was not involved in the definition and the weighting of the criteria to select the location of the seat of the EBA despite Parliament's prerogatives.

They also deplored the lack of transparency and accountability , in the voting procedure the Council has undertaken on the 20 November 2017, leaving final decisions to the drawing of lots.

Members considered that Parliament should be systematically and on equal terms with the Commission and Council involved in defining and weighting the criteria for the location of all Union bodies and agencies. They requested the Commission and Council to launch a revision of the Joint Statement of 19 July 2012 on decentralised agencies with the aim of ensuring a strong involvement of Parliament whilst respecting in particular its co-decision powers.

In a statement to the legislative resolution , Parliament recognised the commitment of sincere and transparent cooperation, and in the light of the process followed for the relocation of the EMA and EBA, which was specific to the situation and did not constitute a precedent for location of agencies in the future.

The Council took note of the request by Parliament to revise, as soon as possible, the 2012 Joint Statement and Common Approach on decentralised Agencies. As a first step, it invited the Commission to provide, by April 2019, an in-depth analysis of the implementation of the Joint Statement and Common Approach as regards the location of decentralised Agencies.

Documents
2018/10/18
   EP - Approval in committee of the text agreed at 1st reading interinstitutional negotiations
Documents
2018/04/27
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Economic and Monetary Affairs adopted the report prepared jointly by Burkhard BALZ (EPP, DE) and Pervenche BERÈS (S&D, FR) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority (EBA).

In the context of the United Kingdom's notification on 29 March 2017 of its intention to leave the Union, the Commission proposed to amend Regulation (EC) No 1093/2010 with a view to establishing the seat of the EBA in Paris, France.

The committee recommended that the European Parliament’s position adopted at first reading under the ordinary legislative procedure should amend the Commission's proposal so as to make it clear that the relocation of the EBA shall not have any consequences with regard to executing the distinct mandate or maintaining the separate legal status of the European Supervisory Authorities, namely the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). At the latest on the date of application of the Regulation and every 12 months thereafter, the Commission shall report on the compliance of those Authorities with that requirement.

The relocation of the EBA might allow, where applicable, for the sharing of administrative support services and facility management services among Union agencies which are not related to core activities.

The new premises should be ready and fit for the purpose of permanent relocation by the time the withdrawal of the United Kingdom from the Union comes into effect. Furthermore, they stressed that the transfer of the seat of the EBA does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the EBA.

In a statement annexed to the draft Regulation, the European Parliament regretted that its role of co-legislator has not been duly taken into account since it was not involved in the procedure leading to the selection of the new seat of the European Banking Authority (EBA). They condemned the procedure followed for the selection of the new location of the seat, which has de facto deprived the European Parliament of its prerogatives since it was not effectively involved in the process, but is now expected to simply confirm the selection made for the new location of the seat by means of the ordinary legislative procedure.

Under these conditions, the European Parliament insisted that the procedure followed for the selection of a new location for the agencies will be revised and not used anymore in this form in the future.

Documents
2018/04/24
   EP - Vote in committee, 1st reading/single reading
2018/04/23
   EP - Committee decision to open interinstitutional negotiations with report adopted in committee
2018/03/22
   EP - Amendments tabled in committee
Documents
2018/03/21
   EP - Committee opinion
Documents
2018/02/27
   EP - Committee opinion
Documents
2018/02/26
   EP - CASTALDO Fabio Massimo (EFDD) appointed as rapporteur in AFCO
2018/02/23
   EP - Committee draft report
Documents
2018/01/18
   EP - KARAS Othmar (PPE) appointed as rapporteur in ECON
2018/01/18
   EP - BERÈS Pervenche (S&D) appointed as rapporteur in ECON
2018/01/17
   ESC - Economic and Social Committee: opinion, report
Documents
2017/12/11
   EP - Committee referral announced in Parliament, 1st reading/single reading
2017/12/11
   EP - GEIER Jens (S&D) appointed as rapporteur in BUDG
2017/11/29
   EC - Legislative proposal published
Details

PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union.

PROPOSED ACT: Regulation of the European Parliament and of the Council.

ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

BACKGROUND: in accordance with Regulation (EU) No 1093/2010 establishing the European Banking Authority (EBA), the EBA is established in London, UK.

Following the notification by the United Kingdom of its intention to leave the Union , the 27 remaining Member States, in the margins of the General Affairs Council (Article 50), selected Paris, France, as the new seat for the European Banking Authority

CONTENT: the Commission proposes to amend Regulation (EC) No 1093/2010 in order to confirm the new seat of the EBA in Paris, France.

The EBA should occupy its new seat from the date on which the Treaties cease to apply to the United Kingdom or from 30 March 2019, whichever is the earlier.

It is proposed that the Regulation shall enter into force as a matter of urgency in order to give the European Banking Authority sufficient time to relocate.

BUDGETARY IMPLICATION: the relocation of the European Banking Authority will have budgetary implications, in particular in view of the costs related to the early termination of its current rental contract in London as a consequence of the withdrawal, the costs related to the move itself and the costs related to the installation in the new premises in Paris.

As set out in the negotiation directives of the Council of 22 May 2017, the United Kingdom should fully cover the specific costs related to the withdrawal process, such as the relocation of the agencies based in the United Kingdom.

Some of the relocation costs (e.g. costs related to the move itself) may have to be pre-financed by the EU budget prior to the final financial settlement. If necessary, the Commission will submit the relevant proposals to the European Parliament and the Council in the framework of the annual budgetary procedure for 2019 and, if necessary, for 2018.

In addition, the costs related to the installation in the new premises will also be presented in the context of the building procedure set out in Article 203 of the Financial Regulation, which requires prior approval from the European Parliament and the Council before contracts related to building projects are concluded. This procedure is expected to be launched as soon as possible (at the latest in early 2018).

Documents

AmendmentsDossier
22 2017/0326(COD)
2018/01/30 BUDG 4 amendments...
source: 616.850
2018/02/21 AFCO 3 amendments...
source: 618.176
2018/03/22 ECON 15 amendments...
source: 619.350

History

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

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  • date: 2018-11-14T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=[%n4]%2F18&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 00039/2018/LEX type: Draft final act body: CSL
  • date: 2018-11-21T00:00:00 docs: url: /oeil/spdoc.do?i=31083&j=0&l=en title: SP(2018)755 type: Commission response to text adopted in plenary
events
  • date: 2017-11-29T00:00:00 type: Legislative proposal published body: EC docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2017/0734/COM_COM(2017)0734_EN.pdf title: COM(2017)0734 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2017&nu_doc=0734 title: EUR-Lex summary: PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: in accordance with Regulation (EU) No 1093/2010 establishing the European Banking Authority (EBA), the EBA is established in London, UK. Following the notification by the United Kingdom of its intention to leave the Union , the 27 remaining Member States, in the margins of the General Affairs Council (Article 50), selected Paris, France, as the new seat for the European Banking Authority CONTENT: the Commission proposes to amend Regulation (EC) No 1093/2010 in order to confirm the new seat of the EBA in Paris, France. The EBA should occupy its new seat from the date on which the Treaties cease to apply to the United Kingdom or from 30 March 2019, whichever is the earlier. It is proposed that the Regulation shall enter into force as a matter of urgency in order to give the European Banking Authority sufficient time to relocate. BUDGETARY IMPLICATION: the relocation of the European Banking Authority will have budgetary implications, in particular in view of the costs related to the early termination of its current rental contract in London as a consequence of the withdrawal, the costs related to the move itself and the costs related to the installation in the new premises in Paris. As set out in the negotiation directives of the Council of 22 May 2017, the United Kingdom should fully cover the specific costs related to the withdrawal process, such as the relocation of the agencies based in the United Kingdom. Some of the relocation costs (e.g. costs related to the move itself) may have to be pre-financed by the EU budget prior to the final financial settlement. If necessary, the Commission will submit the relevant proposals to the European Parliament and the Council in the framework of the annual budgetary procedure for 2019 and, if necessary, for 2018. In addition, the costs related to the installation in the new premises will also be presented in the context of the building procedure set out in Article 203 of the Financial Regulation, which requires prior approval from the European Parliament and the Council before contracts related to building projects are concluded. This procedure is expected to be launched as soon as possible (at the latest in early 2018).
  • date: 2017-12-11T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2018-04-23T00:00:00 type: Committee decision to open interinstitutional negotiations with report adopted in committee body: EP
  • date: 2018-04-24T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2018-04-27T00:00:00 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=A8-2018-0153&language=EN title: A8-0153/2018 summary: The Committee on Economic and Monetary Affairs adopted the report prepared jointly by Burkhard BALZ (EPP, DE) and Pervenche BERÈS (S&D, FR) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority (EBA). In the context of the United Kingdom's notification on 29 March 2017 of its intention to leave the Union, the Commission proposed to amend Regulation (EC) No 1093/2010 with a view to establishing the seat of the EBA in Paris, France. The committee recommended that the European Parliament’s position adopted at first reading under the ordinary legislative procedure should amend the Commission's proposal so as to make it clear that the relocation of the EBA shall not have any consequences with regard to executing the distinct mandate or maintaining the separate legal status of the European Supervisory Authorities, namely the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). At the latest on the date of application of the Regulation and every 12 months thereafter, the Commission shall report on the compliance of those Authorities with that requirement. The relocation of the EBA might allow, where applicable, for the sharing of administrative support services and facility management services among Union agencies which are not related to core activities. The new premises should be ready and fit for the purpose of permanent relocation by the time the withdrawal of the United Kingdom from the Union comes into effect. Furthermore, they stressed that the transfer of the seat of the EBA does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the EBA. In a statement annexed to the draft Regulation, the European Parliament regretted that its role of co-legislator has not been duly taken into account since it was not involved in the procedure leading to the selection of the new seat of the European Banking Authority (EBA). They condemned the procedure followed for the selection of the new location of the seat, which has de facto deprived the European Parliament of its prerogatives since it was not effectively involved in the process, but is now expected to simply confirm the selection made for the new location of the seat by means of the ordinary legislative procedure. Under these conditions, the European Parliament insisted that the procedure followed for the selection of a new location for the agencies will be revised and not used anymore in this form in the future.
  • date: 2018-10-18T00:00:00 type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations body: EP docs: url: http://www.europarl.europa.eu/RegData/commissions/econ/inag/2018/10-17/ECON_AG(2018)629454_EN.pdf title: PE629.454 url: http://www.europarl.europa.eu/RegData/commissions/econ/lpag/2018/10-17/ECON_LA(2018)629618_EN.pdf title: PE629.618
  • date: 2018-10-25T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=31083&l=en title: Results of vote in Parliament
  • date: 2018-10-25T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2018-0426 title: T8-0426/2018 summary: The European Parliament adopted by 462 votes to 48, with 40 abstentions, a legislative resolution on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority (EBA). The European Parliament’s position adopted at first reading under the ordinary legislative procedure amended the Commission proposal as follows: Following the notification by the United Kingdom on 29 March 2017 of its intention to withdraw from the Union, the Commission proposed to amend Regulation (EC) No 1093/2010 in order to re locate the EBA's headquarters to Paris , France. The amended text specifies that the location of the seat of the Authority shall not affect the Authority’s execution of its tasks and powers , the organisation of its governance structure, the operation of its main organisation, or the main financing of its activities. The transfer of the seat of the Authority does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the Authority. The relocation of the Authority should not have any consequences with regard to the execution of the distinct mandates of the European Supervisory Authorities or the maintenance of their separate legal status. The relocation might allow, where applicable, for the sharing among Union agencies of administrative support services and facility management services which are not related to core activities. In its legislative resolution, Parliament stressed that the new premises should be ready and fit for the purpose of permanent relocation by 30 March 2019. In addition, Members deplored that Parliament was not involved in the definition and the weighting of the criteria to select the location of the seat of the EBA despite Parliament's prerogatives. They also deplored the lack of transparency and accountability , in the voting procedure the Council has undertaken on the 20 November 2017, leaving final decisions to the drawing of lots. Members considered that Parliament should be systematically and on equal terms with the Commission and Council involved in defining and weighting the criteria for the location of all Union bodies and agencies. They requested the Commission and Council to launch a revision of the Joint Statement of 19 July 2012 on decentralised agencies with the aim of ensuring a strong involvement of Parliament whilst respecting in particular its co-decision powers. In a statement to the legislative resolution , Parliament recognised the commitment of sincere and transparent cooperation, and in the light of the process followed for the relocation of the EMA and EBA, which was specific to the situation and did not constitute a precedent for location of agencies in the future. The Council took note of the request by Parliament to revise, as soon as possible, the 2012 Joint Statement and Common Approach on decentralised Agencies. As a first step, it invited the Commission to provide, by April 2019, an in-depth analysis of the implementation of the Joint Statement and Common Approach as regards the location of decentralised Agencies.
  • date: 2018-11-09T00:00:00 type: Act adopted by Council after Parliament's 1st reading body: EP/CSL
  • date: 2018-11-14T00:00:00 type: Final act signed body: CSL
  • date: 2018-11-14T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2018-11-16T00:00:00 type: Final act published in Official Journal summary: PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union. LEGISLATIVE ACT: Regulation (EU) 2018/1717 of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority. CONTENT: this Regulation amends Regulation (EC) No 1093/2010 in order to establish the location of the seat of the European Banking Authority (EBA) in Paris, France . Following the United Kingdom's notification of its intention to withdraw from the Union, the other 27 Member States, meeting on 20 November 2017 in the margins of the Council, chose Paris, France, as the new seat of the EBA. The transfer of the seat of the Authority does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the Authority. The relocation of the Authority should not have any consequences with regard to the execution of the distinct mandates of the European Supervisory Authorities or the maintenance of their separate legal status. The relocation might allow, where applicable, for the sharing among Union agencies of administrative support services and facility management services which are not related to core activities. By 30 March 2019 at the latest and every 12 months thereafter, the Commission shall present a report to the European Parliament and the Council on the compliance of the European Supervisory Authorities with this requirement. Given the United Kingdom's commitment to contribute to the general budget of the Union for the financial years 2019 and 2020 as if it remained in the Union and to contribute to its share of the financing of the commitments outstanding at 31 December 2020, the costs of relocation of the seat of the Authority arising from the decision of the United Kingdom to withdraw from the Union are to be borne by all Union taxpayers through the general budget of the Union. The United Kingdom has offered to discuss with those Union agencies that are located in London how they could reduce their withdrawal costs. ENTRY INTO FORCE: 16.11.2018. APPLICATION: from 30.3.2019. docs: title: Regulation 2018/1717 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018R1717 title: OJ L 291 16.11.2018, p. 0001 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2018:291:TOC
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other
  • body: EC dg: url: http://ec.europa.eu/info/departments/financial-stability-financial-services-and-capital-markets-union_en title: Financial Stability, Financial Services and Capital Markets Union commissioner: DOMBROVSKIS Valdis
otherinst
  • name: European Economic and Social Committee
  • name: European Committee of the Regions
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European Economic and Social Committee European Committee of the Regions
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Rules of Procedure EP 150
New
Rules of Procedure EP 159
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ECON/8/11693
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  • ECON/8/11693
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Regulation 2018/1717
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https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32018R1717
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  • Regulation
  • Amending Regulation (EU) No 1093/2010 2009/0142(COD)
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Awaiting Parliament 1st reading / single reading / budget 1st stage
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Procedure completed
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  • 2.50.04 Banks and credit
  • 2.50.10 Financial supervision
  • 8.40.08 Agencies and bodies of the EU
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Financial supervision
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Agencies and bodies of the EU
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  • Amending Regulation (EU) No 1093/2010
activities/0/commission/0
DG
Commissioner
DOMBROVSKIS Valdis
activities/0/docs/0/text
  • PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union.

    PROPOSED ACT: Regulation of the European Parliament and of the Council.

    ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

    BACKGROUND: in accordance with Regulation (EU) No 1093/2010 establishing the European Banking Authority (EBA), the EBA is established in London, UK.

    Following the notification by the United Kingdom of its intention to leave the Union, the 27 remaining Member States, in the margins of the General Affairs Council (Article 50), selected Paris, France, as the new seat for the European Banking Authority

    CONTENT: the Commission proposes to amend Regulation (EC) No 1093/2010 in order to confirm the new seat of the EBA in Paris, France.

    The EBA should occupy its new seat from the date on which the Treaties cease to apply to the United Kingdom or from 30 March 2019, whichever is the earlier.

    It is proposed that the Regulation shall enter into force as a matter of urgency in order to give the European Banking Authority sufficient time to relocate.

    BUDGETARY IMPLICATION: the relocation of the European Banking Authority will have budgetary implications, in particular in view of the costs related to the early termination of its current rental contract in London as a consequence of the withdrawal, the costs related to the move itself and the costs related to the installation in the new premises in Paris.

    As set out in the negotiation directives of the Council of 22 May 2017, the United Kingdom should fully cover the specific costs related to the withdrawal process, such as the relocation of the agencies based in the United Kingdom.

    Some of the relocation costs (e.g. costs related to the move itself) may have to be pre-financed by the EU budget prior to the final financial settlement. If necessary, the Commission will submit the relevant proposals to the European Parliament and the Council in the framework of the annual budgetary procedure for 2019 and, if necessary, for 2018.

    In addition, the costs related to the installation in the new premises will also be presented in the context of the building procedure set out in Article 203 of the Financial Regulation, which requires prior approval from the European Parliament and the Council before contracts related to building projects are concluded. This procedure is expected to be launched as soon as possible (at the latest in early 2018).

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2017-12-11T00:00:00
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EP
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2018-04-23T00:00:00
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unknown
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2018-04-24T00:00:00
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url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2018-0153&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A8-0153/2018
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Committee report tabled for plenary, 1st reading/single reading
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date
2018-04-27T00:00:00
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2018-02-26T00:00:00
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  • group: EFD name: CASTALDO Fabio Massimo
committees/1/date
2017-12-11T00:00:00
committees/1/rapporteur
  • group: S&D name: GEIER Jens
committees/2/date
  • 2018-01-18T00:00:00
  • 2018-01-18T00:00:00
committees/2/rapporteur
  • group: EPP name: BALZ Burkhard
  • group: S&D name: BERÈS Pervenche
committees/2/shadows
  • group: ECR name: LOONES Sander
  • group: ALDE name: KLINZ Wolf
  • group: GUE/NGL name: PAPADIMOULIS Dimitrios
  • group: Verts/ALE name: GIEGOLD Sven
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EC
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DOMBROVSKIS Valdis
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ECON/8/11693
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  • date: 2017-11-29T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2017/0734/COM_COM(2017)0734_EN.pdf celexid: CELEX:52017PC0734:EN type: Legislative proposal published title: COM(2017)0734 type: Legislative proposal published body: EC commission:
committees
  • body: EP responsible: False committee_full: Constitutional Affairs committee: AFCO
  • body: EP responsible: False committee_full: Budgets committee: BUDG
  • body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
  • body: EP responsible: False committee_full: Legal Affairs committee: JURI
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    procedure
    Mandatory consultation of other institutions
    European Economic and Social Committee European Committee of the Regions
    reference
    2017/0326(COD)
    instrument
    Regulation
    legal_basis
    Treaty on the Functioning of the EU TFEU 114
    stage_reached
    Preparatory phase in Parliament
    summary
    Amending Regulation (EU) No 1093/2010
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    Legislation
    title
    European Banking Authority (EBA): location of the seat
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    COD - Ordinary legislative procedure (ex-codecision procedure)
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