Clifford Chance

The EU financial services legislative pipeline

5 September 2023

The race is on to agree the remaining proposals in the EU financial services legislative pipeline before the 2024 institutional changeover. So far, the 2019-24 Commission has proposed 52 legislative acts on financial services and cross-cutting issues particularly relevant to financial services, of which the European Parliament and the Council have agreed or provisionally agreed the texts of 21 acts.

Work to agree the outstanding proposals will intensify in the lead up to the Parliament elections in June 2024 and the next Commission taking office in October 2024 (although some proposals may be carried over to be agreed under the next Parliament and Commission). The Commission may also still submit additional proposals as it continues to work on other delayed and future measures.

This briefing sets out a timeline showing the state of play on the legislative proposals in the pipeline and provides an inventory of pending proposals and agreed acts and an indicative list of delayed and possible future legislative proposals. 

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