Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | ECON | PEIJS Karla M.H. (PPE-DE) |
Legal Basis EC Treaty (after Amsterdam) EC 047-p2, EC Treaty (after Amsterdam) EC 055
Activites
- 2001/04/20 Final act published in Official Journal
-
2001/03/19
Final act signed
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2001/03/19
End of procedure in Parliament
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2001/02/15
Text adopted by Parliament, 2nd reading
-
T5-0083/2001
summary
The European Parliament approved without amendment the recommendation by Mr Karla PEIJS (EPP/ED, NL) approving the Council's common position. (Please refer the previous documents).
- OJ C 276 01.10.2001, p. 0157-0239
-
T5-0083/2001
summary
-
2001/02/14
Debate in Parliament
- 2001/01/24 Committee recommendation tabled for plenary, 2nd reading
-
2000/12/20
Committee draft report
- PE295.948
-
2000/10/26
Committee referral announced in Parliament, 2nd reading
-
2000/10/19
Commission communication on Council's position
-
SEC(2000)1714
summary
The Commission takes the view that the common position retains the key elements of the Commission's proposal as well as those of the European Parliament amendments that were accepted by the Commission and incorporated in its amended proposal. The Commission can commend this common position to the European Parliament.
-
SEC(2000)1714
summary
- #2295
-
2000/10/10
Council Meeting
-
2000/10/09
Council position
-
08975/3/2000
summary
The Council considers that the common position fully complies with the objectives of the Commission's amended proposal in creating a regime based principally on the principles of unity and universality, as well as with the spirit of the Parliament's amendments i.e. in strengthening the creditors possibilities to obtain information. The changes introduced by the Council, fully supported by the Commission, go even further in promoting the objectives of the amended proposal and take duly account of the developments in the related legislative environment during the extended examination time used by the Council.
- OJ C 344 01.12.2000, p. 0023
-
08975/3/2000
summary
- #2265
-
2000/05/25
Council Meeting
-
1993/12/02
Decision by Parliament, 1st reading/single reading
- T3-0681/1993
-
1993/11/23
Report tabled for plenary confirming Parliament's position
- A3-0364/1993
-
1993/11/23
Vote in committee, 1st reading/single reading
-
1989/09/12
Modified legislative proposal
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COM(1989)0394
summary
The Commission's amended proposal takes up all of the amendments adopted by the European Parliament. The main changes relate to: - increased publicity on the liquidation procedure and strengthening the protection of insurance creditors; - ensuring that the decision taken by the competent authorities of the home Member State of the insurer covering the removal of the bodies of the undertaking responsible for the winding-up, as well as the appointment of a receiver, is duly justified; - requiring the Member States to take the necessary measures to ensure that the winding up procedure is undertaken as well and as rapidly as possible in the interests of all persons concerned, in particular, insurance creditors; - reinforcing the overall effects of the special compulsory winding-up delivered and effected in the home Member State of the insolvent insurer; - laying down the necessary conditions for the publication of acts essential to the special compulsory winding-up of the insurance undertaking.
- OJ C 253 06.10.1989, p. 0003
-
COM(1989)0394
summary
-
1989/03/15
Text adopted by Parliament, 1st reading/single reading
-
T2-1312/1989
summary
In adopting the report drafted by Mr. Edward McMILLAN SCOTT (EPP, UK), the European Parliament put forward three amendments to the Commission's proposal which would have the purpose of improving publicity concerning the compulsory winding up procedure. In its resolution, the European Parliament called on the Commission to give consideration to the possibility of including the Council Directives relating to all types of insurance undertakings and those concerning consolidated accounts and the winding up of insurance undertakings within a European Community Insurance Code which would be drawn up once the programme set out by the Commission in its White Paper regarding insurance legislation is completed.
- OJ C 096 17.04.1989, p. 0051-0099
-
T2-1312/1989
summary
-
1989/03/14
Debate in Parliament
-
1989/02/20
Committee report tabled for plenary, 1st reading/single reading
- A2-0404/1988
- OJ C 096 17.04.1989, p. 0006
- 1987/09/23 Economic and Social Committee: opinion, report
-
1987/02/16
Committee referral announced in Parliament, 1st reading/single reading
-
1986/12/23
Legislative proposal
-
COM(1986)0768
summary
PURPOSE: to harmonize Member State provisions concerning the compulsory winding-up of insurance companies. CONTENT: The proposed Directive concerns insurance companies which fall within the scope of the first non-life coordination Council Directive 73/239/EEC or of the first "life coordination" Council Directive 79/267/EEC. The proposal provides for the following: - an obligation on direct insurance companies to keep registers of assets representing technical reserves corresponding to direct insurance transactions and to reinsurance acceptances; - two types of compulsory winding-up are envisaged, depending on the company's situation with regard to assets: normal compulsory winding-up and special compulsory winding-up. A company will be wound up according to the principles of unity of procedure and universality of effects. - normal compulsory winding-up procedure: this must be carried out by the company except where this task is not performed satisfactorily, in which case the supervisory authority in the home Member State may appoint an administrator or propose such an appointment. The grounds for such a decision must be clearly and precisely stated. In order to protect insurance creditors, notice of withdrawal of authorization will be published in the Official Journal of the European Communities and in two nationally distributed newspapers in the Member States in which there are creditors. Similarly, Member States must take the necessary steps to ensure that the winding-up is carried out as rapidly as possible. The normal compulsory winding-up procedure is applicable to all Member States. - special compulsory winding-up in the event of insolvency: this will be carried out by appointed liquidators under supervision of the competent authorities of the Member State in which the company's head office is situated. As with normal compulsory winding-up, Member States must take the necessary steps to ensure that the special compulsory winding-up is effective and is publicized. The liquidators may not transfer a portfolio without the prior authorization of the supervisory authority of the courts. - rules governing the treatment of insurance creditors when winding-up takes place and the settlement of claims. This Directive is applicable to branches of direct insurance companies from third countries doing business in the Community.
- OJ C 071 19.03.1987, p. 0005
-
COM(1986)0768
summary
Documents
- Legislative proposal published: COM(1986)0768
- Legislative proposal: OJ C 071 19.03.1987, p. 0005
- Economic and Social Committee: opinion, report: CES0790/1987
- Economic and Social Committee: opinion, report: OJ C 319 30.11.1987, p. 0010
- Committee report tabled for plenary, 1st reading/single reading: A2-0404/1988
- Committee report tabled for plenary, 1st reading/single reading: OJ C 096 17.04.1989, p. 0006
- Decision by Parliament, 1st reading/single reading: T2-1312/1989
- Text adopted by Parliament, 1st reading/single reading: OJ C 096 17.04.1989, p. 0051-0099
- Modified legislative proposal published: COM(1989)0394
- Modified legislative proposal: OJ C 253 06.10.1989, p. 0003
- Report tabled for plenary confirming Parliament's position: A3-0364/1993
- Decision by Parliament, 1st reading/single reading: T3-0681/1993
- Council position published: 08975/3/2000
- Council position: OJ C 344 01.12.2000, p. 0023
- Commission communication on Council's position: SEC(2000)1714
- Committee draft report: PE295.948
- Committee recommendation tabled for plenary, 2nd reading: A5-0019/2001
- Decision by Parliament, 2nd reading: T5-0083/2001
- Text adopted by Parliament, 2nd reading: OJ C 276 01.10.2001, p. 0157-0239
- : Directive 2001/17
- : OJ L 110 20.04.2001, p. 0028
History
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