Securities settlement systems and financial collateral arrangements ***I European Parliament legislative resolution of 18 December 2008 on the proposal for a directive of the European Parliament and of the Council amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (COM(2008)0213 — C6-0181/2008 — 2008/0082(COD))#P6_TC1-COD(2008)0082 Position of the European Parliament adopted at first reading on 18 December 2008 with a view to the adoption of Directive 2009/.../EC of the European Parliament and of the Council amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims
Date: 2008-12-18
Institutions: Committee on Economic and Monetary Affairs, Committee on Legal Affairs, European Parliament
Subjects: European Monetary System, banking, bond, claim, codecision procedure, contract, credit guarantee, drafting of EU law, financial legislation, intra-EU payment, resolution of parliament








CE2010045EN.01018501.xml










23.2.2010   


EN


Official Journal of the European Union


CE 45/185





Securities settlement systems and financial collateral arrangements ***I
P6_TA(2008)0629
European Parliament legislative resolution of 18 December 2008 on the proposal for a directive of the European Parliament and of the Council amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (COM(2008)0213 — C6-0181/2008 — 2008/0082(COD))
(2010/C 45 E/57)
(Codecision procedure: first reading)

The European Parliament,






—


having regard to the Commission proposal to the European Parliament and the Council (COM(2008)0213),










—


having regard to Article 251(2) and Article 95 of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament (C6-0181/2008),










—


having regard to Rule 51 of its Rules of Procedure,










—


having regard to the report of the Committee on Economic and Monetary Affairs and the opinion of the Committee on Legal Affairs (A6-0480/2008),




1.   Approves the Commission proposal as amended;
2.   Calls on the Commission to refer the matter to Parliament again if it intends to amend the proposal substantially or replace it with another text;
3.   Instructs its President to forward its position to the Council and the Commission.


P6_TC1-COD(2008)0082
Position of the European Parliament adopted at first reading on 18 December 2008 with a view to the adoption of Directive 2009/…/EC of the European Parliament and of the Council amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims

(As an agreement was reached between Parliament and Council, Parliament's position at first reading corresponds to the final legislative act, Directive 2009/44/EC.)