2006/2632(RSP) | [ParlTrack]

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2006/2632(RSP) Resolution on 'bulk' implementing measures for the Transparency Directive

Progress: Procedure completed

Legal Basis:

RoP 132-p2

Subjects

2.50.03 Securities and financial markets, stock exchange, CIUTS, investments

Events

2006/12/19

EC - Commission response to text adopted in plenary

Documents

SP(2006)5635

2006/11/23

EC - Commission response to text adopted in plenary

Documents

SP(2006)5316-2

2006/10/24

EP - Results of vote in Parliament

Documents

Results of vote in Parliament

2006/10/24

EP - Decision by Parliament

Details

The European Parliament adopted a resolution on the draft implanting measures under Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. It accepted the implementing measures, but called upon the Commission to take the utmost account of the limits of the powers conferred on it by Directive 2004/109/EC in accordance with the applicable provisions of the Treaty, in order to ensure legal certainty for financial market actors.

Parliament welcomed the willingness the Commission had demonstrated in working with Parliament towards achieving the best possible outcome for all parties concerned, and felt that the draft implementing measures constituted a workable solution for achieving the objectives of improved operating conditions for financial market actors as well as of efficient, transparent and secure financial markets in the EU. The procedure regarding the completion of implementing measures for Directive 2004/109/EC was “virtually unprecedented” in the light of the way in which EU legislation was usually developed.

Parliament was concerned to ensure that an effective notification procedure was in place for the supervision of market-making activity, without such a procedure being too great a burden for market participants. It called upon the Commission to do the following:

-monitor developments in international accounting and auditing standards in order to ensure a consistent understanding of the level of assurance investors could expect from an auditor's review of half-yearly financial reports if such an audit was undertaken;

-consider whether the definition of the minimum content of the condensed set of half-yearly financial statements when not prepared in accordance with International Accounting Standards should be reviewed;

-encourage the Committee of European Securities Regulators to build up appropriate networks in order to limit the burden of the exchange of information for market participants;

-pay particular regard to the necessary equivalent expectations of third-country management companies and investment firms and ensure that such firms clearly present the identification of their competent authority or, if not regulated, clearly state this information;

The Commission must review the standards for effective dissemination of information.

Documents

T6-0435/2006

2006/10/24

EP - End of procedure in Parliament

2006/10/23

EP - Motion for a resolution

Documents

B6-0529/2006

2006/10/23

EP - Debate in Parliament

Documents

Debate in Parliament

Documents

Commission response to text adopted in plenary: SP(2006)5635
Commission response to text adopted in plenary: SP(2006)5316-2
Results of vote in Parliament: Results of vote in Parliament
Decision by Parliament: T6-0435/2006
Motion for a resolution: B6-0529/2006
Debate in Parliament: Debate in Parliament
Motion for a resolution: B6-0529/2006
Commission response to text adopted in plenary: SP(2006)5316-2
Commission response to text adopted in plenary: SP(2006)5635

Activities

Simon BUSUTTIL
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Paulo CASACA
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Ingeborg GRÄSSLE
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Edward MCMILLAN-SCOTT
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Véronique MATHIEU HOUILLON
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Andreas MÖLZER
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Janusz ONYSZKIEWICZ
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)
Jeffrey TITFORD
Plenary Speeches (1)
- 2016/11/22 Recovery of Community funds (debate)

History

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

2023-08-03Show (2) Changes | Timetravel

docs/1/docs/0/url	/oeil/spdoc.do?i=12825&j=1&l=en
docs/2/docs/0/url	Old /oeil/spdoc.do?i=12825&j=1&l=en New /oeil/spdoc.do?i=12825&j=0&l=en

2021-12-18Show (7) Changes | Timetravel

docs/0/docs/0/url	Old http://www.europarl.europa.eu/doceo/document/B-6-2006-0529_EN.html New https://www.europarl.europa.eu/doceo/document/B-6-2006-0529_EN.html
docs/1/docs/0/url	/oeil/spdoc.do?i=12825&j=0&l=en
events/0/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20061023&type=CRE New https://www.europarl.europa.eu/doceo/document/EN&reference=20061023&type=CRE
events/2	date 2006-10-24T00:00:00 type Decision by Parliament body EP docs url: https://www.europarl.europa.eu/doceo/document/TA-6-2006-0435_EN.html title: T6-0435/2006 summary The European Parliament adopted a resolution on the draft implanting measures under Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. It accepted the implementing measures, but called upon the Commission to take the utmost account of the limits of the powers conferred on it by Directive 2004/109/EC in accordance with the applicable provisions of the Treaty, in order to ensure legal certainty for financial market actors. Parliament welcomed the willingness the Commission had demonstrated in working with Parliament towards achieving the best possible outcome for all parties concerned, and felt that the draft implementing measures constituted a workable solution for achieving the objectives of improved operating conditions for financial market actors as well as of efficient, transparent and secure financial markets in the EU. The procedure regarding the completion of implementing measures for Directive 2004/109/EC was “virtually unprecedented” in the light of the way in which EU legislation was usually developed. Parliament was concerned to ensure that an effective notification procedure was in place for the supervision of market-making activity, without such a procedure being too great a burden for market participants. It called upon the Commission to do the following: -monitor developments in international accounting and auditing standards in order to ensure a consistent understanding of the level of assurance investors could expect from an auditor's review of half-yearly financial reports if such an audit was undertaken; -consider whether the definition of the minimum content of the condensed set of half-yearly financial statements when not prepared in accordance with International Accounting Standards should be reviewed; -encourage the Committee of European Securities Regulators to build up appropriate networks in order to limit the burden of the exchange of information for market participants; -pay particular regard to the necessary equivalent expectations of third-country management companies and investment firms and ensure that such firms clearly present the identification of their competent authority or, if not regulated, clearly state this information; The Commission must review the standards for effective dissemination of information.
events/2	date 2006-10-24T00:00:00 type Decision by Parliament, 1st reading/single reading body EP docs url: http://www.europarl.europa.eu/doceo/document/TA-6-2006-0435_EN.html title: T6-0435/2006 summary The European Parliament adopted a resolution on the draft implanting measures under Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. It accepted the implementing measures, but called upon the Commission to take the utmost account of the limits of the powers conferred on it by Directive 2004/109/EC in accordance with the applicable provisions of the Treaty, in order to ensure legal certainty for financial market actors. Parliament welcomed the willingness the Commission had demonstrated in working with Parliament towards achieving the best possible outcome for all parties concerned, and felt that the draft implementing measures constituted a workable solution for achieving the objectives of improved operating conditions for financial market actors as well as of efficient, transparent and secure financial markets in the EU. The procedure regarding the completion of implementing measures for Directive 2004/109/EC was “virtually unprecedented” in the light of the way in which EU legislation was usually developed. Parliament was concerned to ensure that an effective notification procedure was in place for the supervision of market-making activity, without such a procedure being too great a burden for market participants. It called upon the Commission to do the following: -monitor developments in international accounting and auditing standards in order to ensure a consistent understanding of the level of assurance investors could expect from an auditor's review of half-yearly financial reports if such an audit was undertaken; -consider whether the definition of the minimum content of the condensed set of half-yearly financial statements when not prepared in accordance with International Accounting Standards should be reviewed; -encourage the Committee of European Securities Regulators to build up appropriate networks in order to limit the burden of the exchange of information for market participants; -pay particular regard to the necessary equivalent expectations of third-country management companies and investment firms and ensure that such firms clearly present the identification of their competent authority or, if not regulated, clearly state this information; The Commission must review the standards for effective dissemination of information.
procedure/legal_basis/0	Rules of Procedure EP 132-p2
procedure/legal_basis/0	Rules of Procedure EP 123-p2

2020-01-19Show (4) Changes | Timetravel

docs/0/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B6-2006-529&language=EN New http://www.europarl.europa.eu/doceo/document/B-6-2006-0529_EN.html
docs/1/body	EC
docs/2/body	EC
events/2/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2006-435 New http://www.europarl.europa.eu/doceo/document/TA-6-2006-0435_EN.html

2019-07-06Show (11) Changes | Timetravel

activities	date: 2006-10-23T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20061023&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 2006-10-24T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=12825&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2006-435 type: Decision by Parliament, 1st reading/single reading title: T6-0435/2006 body: EP type: Results of vote in Parliament
commission	body: EC dg: Financial Stability, Financial Services and Capital Markets Union commissioner: MCCREEVY Charlie
committees
docs	date: 2006-10-23T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B6-2006-529&language=EN title: B6-0529/2006 type: Motion for a resolution body: EP date: 2006-11-23T00:00:00 docs: url: /oeil/spdoc.do?i=12825&j=0&l=en title: SP(2006)5316-2 type: Commission response to text adopted in plenary date: 2006-12-19T00:00:00 docs: url: /oeil/spdoc.do?i=12825&j=1&l=en title: SP(2006)5635 type: Commission response to text adopted in plenary
events	date: 2006-10-23T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20061023&type=CRE title: Debate in Parliament date: 2006-10-24T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=12825&l=en title: Results of vote in Parliament date: 2006-10-24T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2006-435 title: T6-0435/2006 summary: The European Parliament adopted a resolution on the draft implanting measures under Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. It accepted the implementing measures, but called upon the Commission to take the utmost account of the limits of the powers conferred on it by Directive 2004/109/EC in accordance with the applicable provisions of the Treaty, in order to ensure legal certainty for financial market actors. Parliament welcomed the willingness the Commission had demonstrated in working with Parliament towards achieving the best possible outcome for all parties concerned, and felt that the draft implementing measures constituted a workable solution for achieving the objectives of improved operating conditions for financial market actors as well as of efficient, transparent and secure financial markets in the EU. The procedure regarding the completion of implementing measures for Directive 2004/109/EC was “virtually unprecedented” in the light of the way in which EU legislation was usually developed. Parliament was concerned to ensure that an effective notification procedure was in place for the supervision of market-making activity, without such a procedure being too great a burden for market participants. It called upon the Commission to do the following: -monitor developments in international accounting and auditing standards in order to ensure a consistent understanding of the level of assurance investors could expect from an auditor's review of half-yearly financial reports if such an audit was undertaken; -consider whether the definition of the minimum content of the condensed set of half-yearly financial statements when not prepared in accordance with International Accounting Standards should be reviewed; -encourage the Committee of European Securities Regulators to build up appropriate networks in order to limit the burden of the exchange of information for market participants; -pay particular regard to the necessary equivalent expectations of third-country management companies and investment firms and ensure that such firms clearly present the identification of their competent authority or, if not regulated, clearly state this information; The Commission must review the standards for effective dissemination of information. date: 2006-10-24T00:00:00 type: End of procedure in Parliament body: EP
links
other	body: EC dg: url: http://ec.europa.eu/dgs/internal_market/ title: Internal Market and Services commissioner: MCCREEVY Charlie
procedure/legal_basis/0	Rules of Procedure EP 123-p2
procedure/legal_basis/0	Rules of Procedure of the European Parliament EP 123-p2
procedure/subject	Old 2.50.03 Securities and financial markets, stock exchange, CIUTS, investments New 2.50.03 Securities and financial markets, stock exchange, CIUTS, investments
procedure/subtype	Old Resolution on statements New Resolution on statement

2014-11-10Show (5) Changes

activities	date: 2006-10-23T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20061023&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 2006-10-24T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=12825&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2006-435 type: Decision by Parliament, 1st reading/single reading title: T6-0435/2006 body: EP type: Results of vote in Parliament
committees
links
other	body: EC dg: url: http://ec.europa.eu/dgs/internal_market/ title: Internal Market and Services commissioner: MCCREEVY Charlie
procedure	reference 2006/2632(RSP) title Resolution on 'bulk' implementing measures for the Transparency Directive legal_basis Rules of Procedure of the European Parliament EP 123-p2 stage_reached Procedure completed subtype Resolution on statements type RSP - Resolutions on topical subjects subject 2.50.03 Securities and financial markets, stock exchange, CIUTS, investments

Progress: Procedure completed

Legal Basis:

Subjects

Links

Events

Documents

Activities

History

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