Activites

• 2008/09/23 Final act published in Official Journal
  • Decision 2008/750
  • OJ L 255 23.09.2008, p. 0028
• #2888
• 2008/09/15 Council Meeting
• 2008/09/15 End of procedure in Parliament
• 2008/09/15 Act adopted by Council after consultation of Parliament
• 2008/03/11 Results of vote in Parliament
  • Results of vote in Parliament
  • T6-0073/2008 summary

    The European Parliament adopted, by 551 votes to 44 with 10 abstentions, a legislative resolution under the consultation procedure, approving the proposal for a Council decision amending Decision 2003/77/EC laying down multiannual financial guidelines for managing the assets of the ECSC in liquidation and, on completion of the liquidation, the Assets of the Research Fund for Coal and Steel.The report had been tabled for consideration in plenary by Reimer BÖGE(EPP-ED, DE) on behalf of the Committee on Budgets.

• 2008/03/04 Committee report tabled for plenary, 1st reading/single reading
  • A6-0062/2008
• 2008/02/27 Vote in committee, 1st reading/single reading
• 2007/09/24 Committee referral announced in Parliament, 1st reading/single reading
• 2007/07/20 Legislative proposal published
  • COM(2007)0435 summary

    PURPOSE: to amend the multiannual financial guidelines for managing the assets of the ECSC in liquidation. PROPOSED ACT: Council DecisionCONTENT: following the expiry of the ECSC Treaty on 23 July 2002, management of the assets of the ECSC in liquidation and, upon completion of the liquidation, the Assets of the Research Fund for Coal and Steel were entrusted to the Commission. In this context, the Financial Guidelines laid down for the management of the assets of the ECSC in liquidation and, upon completion of the liquidation, the Assets of the Research Fund for Coal and Steel have been reviewed in accordance with Article 2 of Council Decision 2003/77/EC.Following this review, a number of minor changes to the Financial Guidelines are proposed. The changes reflect the experience gained in the first five years of operation, developments in the financial markets in which ECSC in liquidation operates and finally the change to internationally accepted accounting rules for the Commission as a whole.There are clarifications of several definitions, namely the maturity concept of a bond, which is refined to cover the definition used by asset-backed securities (ABS), the definition of government issued or government guaranteed securities and the definition of "debt" issued by banks. The rules for sale and repurchase operations are brought up to market standards. In addition, certain rating-related provisions are clarified and the maximum maturity permitted is extended to take account of the changing issuance pattern of the Member States.On the issue of reporting, it has therefore been proposed to send reports on a six-monthly basis which would be more efficient both for the Member States, allowing them to give enhanced attention to a less frequent report, and for the Commission by reducing its administrative costs.

  • DG {'url': 'http://ec.europa.eu/dgs/economy_finance/index_en.htm', 'title': 'Economic and Financial Affairs'}, ALMUNIA Joaquín

Documents

• Legislative proposal published: COM(2007)0435
• Committee report tabled for plenary, 1st reading/single reading: A6-0062/2008
• Results of vote in Parliament: Results of vote in Parliament
• Decision by Parliament, 1st reading/single reading: T6-0073/2008
• : Decision 2008/750
• : OJ L 255 23.09.2008, p. 0028

History

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