Proposal for a directive
Recital 2 a (new)
(2a) The Commission should establish an expert level Working Group (FTT Committee) including representatives from the Member States that supervises the application of this directive. Member States should appoint bodies and sufficiently configurate them with competences to take immediate counter actions in case of abuse. The FTT Committee should supervise financial transactions in order to detect schemes of avoidance, propose countermeasures in a duly manner and coordinate their implementation on national level if necessary