1996/0126(COD)COM(1996)193

Settlement Finality and Collateral Security Directive

PROPOSAL FOR A EUROPEAN PARLIAMENT AND COUNCIL DIRECTIVE ON SETTLEMENT FINALITY AND COLLATERAL SECURITY

Stage: In force, reached 11 Jun 1998
In force: In force since 11 Jun 1998 · CELEX 31998L0026
Transposition deadline: 11 Dec 1999
Procedure: Directive · Ordinary legislative procedure
Last activity: 11 Jun 1998

4 entries · record as of 12 Oct 2026

Where it stands

Latest: Publication in the Official Journal, 11 Jun 1998.

9 Apr 1997
- EP position at first reading
29 Jan 1998
- Adoption of amendments to the Council’s first reading position by the EP
19 May 1998
- Signature by the president of the EP and by the president of the Council
11 Jun 1998
- Publication in the Official Journal

12 documents

Documents

Newest first. Each opens at its source.

Text adopted · OJ L 166 11.06.1998, p. 0045Commission · 11 Jun 1998
Text adopted · Directive 1998/0026Commission · 19 May 1998
OJ C 056 23.02.1998, p. 0012-0027Commission · 23 Feb 1998
OJ C 034 02.02.1998, p. 0004Commission · 2 Feb 1998
OJ C 375 10.12.1997, p. 0034Commission · 10 Dec 1997
OJ C 259 26.08.1997, p. 0006Commission · 26 Aug 1997
OJ C 132 28.04.1997, p. 0005Commission · 28 Apr 1997
OJ C 056 24.02.1997, p. 0001Commission · 24 Feb 1997
OJ C 207 18.07.1996, p. 0013Commission · 18 Jul 1996
Report · A4-0005/1998Parliament
Report · A4-0097/1997Parliament
Proposal · COM(2005)0657Commission

Summary

Generated

Directive 98/26/EC makes transfer orders and netting legally enforceable and binding on third parties, even in insolvency proceedings against a participant. It insulates collateral security from the insolvency of the provider and sets the law governing systems and securities collateral. Member States had to transpose it by 11 December 1999.

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Sources: EP Legislative Observatory · EU Law Tracker · EUR-Lex. Record as of 12 Oct 2026. Something wrong on this page? Report an error.

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