The agreement was reached between Parliament, the Council, the Commission, the Court of Justice, the European Central Bank, the European Court of Auditors, the European Economic and Social Committee, and the European Committee of the Regions. It provides for the joint creation of a new Body for Ethical Standards. This Body will develop, update, and interpret common minimum standards for ethical conduct, and publish reports on how these standards have been reflected in each signatory’s internal rules. The institutions participating in the Body will be represented by one senior member and the position of Chair of the Body will rotate every year between the institutions. Five independent experts will support its work and be available for consultation by the participating institutions and bodies about standardised written declarations, including declarations of interest.

A successful push for watchdog functions

Parliament was represented in the negotiations by Vice-President