on the proposal for a directive of the European Parliament and of the Council amending Directives 2009/65/EC, 2011/61/EU and 2014/65/EU with a view to further developing capital market integration and supervision in the Union COM(2025)942 final; Council doc. 16347/25

Summary

Determination of a violation of subsidiarity in accordance with Article 6 Protocol No. 2 to the Treaty of Lisbon due to insufficient legal basis and encroachment on national sovereign rights, lack of improvements, sufficient existing EU mechanisms and violation of proportionality, including through job growth and cost increases through the expansion of centralized supervisory powers<br /> <br /> Reference: Proposal for a directive of the European Parliament and of the Council amending Directives 2009/65/EC, 2011/61/EU and 2014/65/EU with a view to further developing capital market integration and supervision in the Union. COM(2025) 942 final, Council doc. 16347/25 (BR-Drs 751/25)

Machine translation from German. The official text remains authoritative.

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  Drucksache · DE · 3 March 2026

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