Activites

• 2008/04/09 Final act published in Official Journal
  • Regulation 2008/297
  • OJ L 097 09.04.2008, p. 0062
• 2008/03/11 Final act signed
• 2008/03/11 End of procedure in Parliament
• #2856
• 2008/03/03 Council Meeting
• 2008/03/03 Act adopted by Council after Parliament's 1st reading
• 2007/11/14 Results of vote in Parliament
  • Results of vote in Parliament
  • T6-0523/2007 summary

    The European Parliament adopted a resolution drafted by Manuel MEDINA ORTEGA (PES, ES) and made some amendments to the proposal for a regulation amending Regulation (EC) No 1606/2002 on the application of international accounting standards as regards the implementing powers conferred on the Commission.It deleted the provision in the Commission’s proposal which stated that the Commission may, in exceptional and duly justified cases and on imperative grounds of urgency, make use of Article 5a(1), (2), (4) and (6) of Decision 1999/468/EC. An amended recital states that, in view of the fact that the application of the regulatory procedure with scrutiny within the usual deadlines could in certain exceptional situations make it difficult to adopt newly issued accounting standards, amendments to existing accounting standards or interpretations of existing accounting standards in time for them to be applied by companies for the relevant financial year, the Commission, the Council and the European Parliament should act speedily in order to ensure that those standards and interpretations are adopted in a timely manner so as not to undermine investor understanding and thus confidence.

• 2007/10/09 Committee report tabled for plenary, 1st reading/single reading
  • A6-0370/2007
• 2007/10/04 Vote in committee, 1st reading/single reading
• 2007/01/17 Committee referral announced in Parliament, 1st reading/single reading
• 2006/12/22 Legislative proposal published
  • COM(2006)0918 summary

    PURPOSE: to amend Directive 92/49/EEC on the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance by introducing a reference to the new regulatory procedure with scrutiny (comitology).PROPOSED ACT: Decision of the European Parliament and of the Council.CONTENT: Council Decision 1999/468/EC laying down the procedures for the exercise of implementing powers conferred on the Commission has been amended by Council Decision 2006/512/EC (CNS/2002/0298).The amended Decision introduces a new regulatory procedure with scrutiny to be used for measures of general scope which seek to amend non-essential elements of a basic instrument, adopted under co-decision, including by deleting some of those elements or by supplementing the instrument by the addition of new non-essential elements. This procedure allows the legislator to oppose the adoption of "quasi-legislative" measures implementing a codecision-based instrument when it considers that the draft exceeds the implementing powers provided for in the basic instrument, or that the draft is incompatible with the aim or the content of that instrument or fails to respect the principles of subsidiarity or proportionality.In a joint statement, the three institutions agreed on a list of 26 basic instruments already in force to be adjusted without delay in accordance with the new regulatory procedure with scrutiny (see ACI/2006/2152). Each case has been assessed on its own merits, notably in view of the nature of the implementing powers conferred on the Commission and the specificity of each sector.Lastly, in accordance with the abovementioned statement, the Commission is proposing to repeal any provisions of these instruments that provide for a time-limit on the delegation of implementing powers to the Commission.

  • DG {'url': 'http://ec.europa.eu/dgs/internal_market/', 'title': 'Internal Market and Services'}, MCCREEVY Charlie

Documents

• Legislative proposal published: COM(2006)0918
• Committee report tabled for plenary, 1st reading/single reading: A6-0370/2007
• Results of vote in Parliament: Results of vote in Parliament
• Decision by Parliament, 1st reading/single reading: T6-0523/2007
• : Regulation 2008/297
• : OJ L 097 09.04.2008, p. 0062

History

(these mark the time of scraping, not the official date of the change)