The EU Council, during the Justice and Home Affairs meeting on 3 and 4 March 2014, decided not to oppose the adoption of a regulation authorising ethyl lauroyl arginate as a preservative in heat-treated meat products in order to improve the microbiological quality of those food products, including inhibiting the growth of harmful micro-organisms such as Listeria monocytogenes and to assign number E 243 to that food additive.
European Food Safety Authority (EFSA) established in June 2013 an Acceptable Daily Intake (ADI) of 0.5 mg/kg bw/day. Here you can find the statement.
The Commission regulation is subject to the so called regulatory procedure with scrutiny. This means that now that the Council has given its consent, the Commission may adopt it, unless the European Parliament objects, but that seems will not happen.
(Source: EU Council)