Database on German and European Economic Law

 Directive 2008/22/EC

I. Description

The Commission should be empowered to adopt the measures necessary for the implementation of Directive   2004/109/EC in order to clarify the technical aspects of some of the definitions provided under that Directive, notably the maximum length of the usual short settlement cycle, the calendar of trading days, the circumstances under which a person should have learnt of the acquisition or disposal of voting rights, the conditions of independence to be respected by market makers and management companies; take account of technical developments in financial markets; clarify the nature of the auditor’s review, to define the minimum content of the condensed set of solo financial statements; elaborate further the procedures for the notification and disclosure of major holdings as well as the procedures for filing regulated information with the competent authority of the issuer’s home Member State; and define minimum standards for the dissemination of regulated information and for the setting up of storage mechanisms. Since those measures are of general scope and are designed to amend non-essential elements of Directive   2004/109/EC, inter alia, by supplementing it with new non-essential elements, they must be adopted in accordance with the regulatory procedure with scrutiny provided for in Article 5a of Decision   1999/468/EC.

II. General Information

Title

Directive 2008/22/EC of the European Parliament and of the Council of 11 March 2008 amending 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, as regards the implementing powers conferred on the Commission

Status
Existing
Directive
2008/22/EC
Source
O.J. EC No L (Legislation), Edition 76, Year 2008, p.50-53
Adoption
03/11/2008
Promulgation
03/19/2008
Character
Regular Act
Legal Basis
Art. 44 und 95 EC
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2008/22/EC of the European Parliament and of the Council of 11 March 2008 amending 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, as regards the implementing powers conferred on the Commission

  2008/22/EC

Beschluss:
03/11/2008 (A)
Verkuendung:
03/19/2008 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
11/14/2007
Report of the European Parliament - 1st reading
ABL. EC No. C 282, p. 308
03/14/2007
Opinion of the European Economic and Social Committee
ABL. EC No. C 161, p. 45
02/15/2007
Opinion of the European Central Bank
ABL. EC No. C 39, p. 1
12/22/2006
Proposal
COM/2006/909

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2004/109/EC

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact