(Ordinary legislative procedure: second reading)

The European Parliament,

–  having regard to the Council position at first reading (12443/1/2011 – C7-0270/2011),

–  having regard to its position at first reading(1) on the Commission proposal to Parliament and the Council (COM(2010)0174),

–  having regard to Article 294(7) of the Treaty on the Functioning of the European Union,

–  having regard to Rule 72 of its Rules of Procedure,

–  having regard to the recommendation for second reading of the Committee on Budgets (A7-0327/2011),

1.  Approves the Council position at first reading;

2.  Notes that the act is adopted in accordance with the Council position;

3.  Instructs its President to sign the act with the President of the Council, in accordance with Article 297(1) of the Treaty on the Functioning of the European Union;

4.  Instructs its Secretary-General to sign the act, once it has been verified that all the procedures have been duly completed, and, in agreement with the Secretary-General of the Council, to arrange for its publication in the Official Journal of the European Union;

5.  Instructs its President to forward its position to the Council, the Commission and the national parliaments.

(1) Texts adopted of 17.2.2011, P7_TA(2011)0062.