-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: awaiting first reading Parliament
Vote in Committee: probably June 2003
Final adoption expected: end 2004
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Commission Proposal on Investment Services Directive: November 2002 (event)
© Graham Bishop
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