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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: Awaiting first reading Parliament
Vote in Committee: probably October 2003
Vote in Pleanary: date not available
Final adoption expected: 2003
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Commission proposal on Takeover Bids Directive: October 2002
(event)