COLLATERAL OVERVIEW

01 August 2002

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This section gives the timing of the steps in the legislative timetable of the co-decision procedure. All the Directives of the FSAP are subject to this process. This section will be up-dated as events progress.

If no agreement between Parliament and Council is reached in First Reading than there will be a Second Reading and maybe a conciliation process. For a detailed description of the co-decision process, see the Council’s explanation.

Current stage of co-decision procedure:
Procedure finalised

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DIRECTIVE on FINANCIAL COLLATERAL ARRANGEMENTS ADOPTED: May, 2002 (event)

Council Common Position on Collateral: March, 2002 (event)

EP adopted amended proposal on Collateral Directive (1st reading): December 13, 2001 (event)

Commission Proposal on Financial Collateral Arrangements Directive: March 30, 2001 (event)

© Graham Bishop