3087

Introduced by the joint declaration of the European Parliament, the Council and the Commission, adopted on 4 March 1975, for the purpose of seeking agreement between Parliament and the Council. Use of this procedure was limited to "Community acts of general application which have appreciable financial implications, and of which the adoption is not required by virtue of acts already in existence".

procedure described in Article 314 TFEU which, in the context of the special legislative procedure in budgetary matters, provides for the convening of the Conciliation Committee in cases where the Council does not approve all amendments to a draft budget submitted by Parliament

conciliation