Database on German and European Economic Law

 Directive 2001/65/EC

I. Description

However, the dynamic nature of international financial markets has now resulted in the widespread use of not only traditional primary financial instruments such as shares and bonds, but also various forms of derivative financial instruments such as futures, options, forward contracts and swaps. These relatively complex financial instruments are used mainly by the largest industrial companies across all sectors of the European economy as tools to manage financial risks that their businesses are exposed to from movements in variables such as interest rates, currency rates or equity or commodities prices. However, the use of these instruments for risk management purposes can itself bring significant associated risks for the companies that use them, and as a result some companies are now using financial instruments that can transform their financial position and risk profile overnight. The growth in the use of such financial instruments has outstripped the development of guidance for their accounting, including the guidance in the Directives. The present form and substance of the financial reporting on these instruments does not always reflect their impact and associated risks.

II. General Information

Title

Directive 2001/65/EC of the European Parliament and of the Council of 27 September 2001 amending Directives   78/660/EEC,   83/349/EEC and   86/635/EEC as regards the valuation rules for the annual and consolidated accounts of certain types of companies as well as of banks and other financial institutions

Status
Existing
Directive
2001/65/EC
Source
O.J. EC No L (Legislation), Edition 283, Year 2001, p.28
Adoption
09/27/2001
Promulgation
10/27/2001
Character
Regular Act
Legal Basis
Art. 44 EC
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2001/65/EC of the European Parliament and of the Council of 27 September 2001 amending Directives   78/660/EEC,   83/349/EEC and   86/635/EEC as regards the valuation rules for the annual and consolidated accounts of certain types of companies as well as of banks and other financial institutions

  2001/65/EC

Beschluss:
09/27/2001 (A)
Verkuendung:
10/27/2001 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
05/15/2001
Report of the European Parliament - 1st reading
O.J. EC No. C, Ausgabe 34 E, Jahr 2000, p.91
07/12/2000
Opinion of the European Economic and Social Committee
O.J. EC No. C, Ausgabe 268, Jahr 2000, p.1
02/24/2000
Proposal
COM(2000) 80 endgültig

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 86/635/EEC
Amendment
  Directive 83/349/EEC
Amendment
  Directive 78/660/EEC

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

12/04/2004 (A)

12/09/2004 (P)

(A) Adoption | (P) Promulgation

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
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany